Debt reduction
Enfield and Southwark Councils are addressing significant debt levels, with Enfield considering land sales and Southwark targeting a £3.7 million reduction.
Enfield Council is considering strategies to reduce its debt, following a recommendation from its local auditor, Grant Thornton, in November 2025. The council's debt stood at £1.286 billion in the 2024/25 financial year and is projected to reach £1.5 billion by the end of 2025/26. The council aims to address this by selling parcels of land to developers under the Meridian Water project.
Southwark Council is working to reduce its debt by £3.7 million by March 2026, aiming for a drop from £14.7 million to £11 million. This debt includes arrears accumulated due to the Covid pandemic, economic challenges, and increased running costs, as reported in October 2025.
Key facts
- Enfield Council's debt was £1.286 billion in the 2024/25 financial year. Source
- Enfield Council's debt is projected to reach £1.5 billion by the end of 2025/26. Source
- Grant Thornton recommended debt reduction to Enfield Council in November 2025. Source
- Southwark Council aims to reduce its debt by £3.7 million by March 2026. Source
- Southwark Council's debt was £14.7 million, aiming for £11 million. Source
About this summary
This summary was written automatically from our published stories and the council meeting records they draw on. It describes what councils have discussed and decided; it does not take a view on any decision. Each key fact links to the story it comes from. Updated 30 September 2026. Spotted a mistake? Email community@opencouncil.network.