revenue budget virements
Haringey Council is currently addressing significant budget shortfalls for the current financial year, driven by base budget pressures and unachieved savings.
Haringey Council is facing a projected budget shortfall of £21.7 million for the current financial year, as reported in September 2026. This deficit is attributed to £16.71 million in base budget pressures and £4.99 million from the non-delivery of planned savings. A net Dedicated Schools Grant overspend of £8.4 million and a net Housing Revenue Account overspend of £3.478 million also contribute, according to a finance update report.
This follows a projected revenue outturn variance of £19 million for the General Fund in the 2025/26 financial year, reported in March 2026. That variance was attributed to £10.72 million in base budget pressures and £8.312 million from the non-delivery of savings. The Dedicated Schools Grant was forecast to overspend by £3.2 million at that time. Councillor Johann Beckford, Cabinet Member for Finance and Corporate, highlighted the challenging financial position.
Key facts
- Haringey Council faces a projected budget shortfall of £21.7 million for the current financial year, reported in September 2026. Source
- This shortfall includes £16.71 million in base budget pressures and £4.99 million from non-delivery of planned savings. Source
- The council also forecasts a net Dedicated Schools Grant overspend of £8.4 million. Source
- In March 2026, Haringey Council faced a projected revenue outturn variance of £19 million for 2025/26. Source
- This variance included £10.72 million in base budget pressures and £8.312 million from non-delivery of savings. 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.