Outturn Report 2024-25
Lambeth Council is addressing a £60.5 million overspend for 2024-25, primarily driven by housing costs for homeless families.
Lambeth Council is currently addressing a £60.5 million overspend for the 2024-25 financial year, as revealed in its Outturn Report. This financial challenge, primarily driven by rising housing costs for homeless families, was discussed at a Cabinet meeting in July 2025. The report indicated that housing homeless families exceeded the budget by £35 million.
To manage its financial pressures, Lambeth Council needs to find £84 million in savings over the next four years, in addition to £99 million already agreed upon. The Leader of the Council, Councillor Claire Holland, attributed the financial difficulties to structural underfunding and increased demand for services, particularly in housing and social care, in July 2025.
Key facts
- Lambeth Council reported a £60.5 million overspend for the 2024-25 financial year. Source 1 Source 2
- Housing homeless families exceeded the budget by £35 million in 2024-25. Source
- The council needs to find £84 million in savings over the next four years. Source 1 Source 2
- An additional £99 million in savings had already been agreed upon. Source
- The Leader of the Council, Councillor Claire Holland, attributed financial difficulties to structural underfunding. Source 1 Source 2
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.