Agreement on budget that protects those most in need

At a time when budgets are being stretched to the limit, sound financial management has meant that Islington Council has been able to set a budget that protects frontline services, and retains financial support for those most in need.

The budget also contributes to the council’s overriding goal of creating a more equal borough for all, with investments in homelessness support and prevention, putting thousands of people into work and apprenticeships, and boosting recycling.

However, the budget-setting process comes amid a backdrop of significant financial pressure, caused by the ongoing cost-of-living crisis, inflation, and more than a decade of austerity.

To set a balanced budget, the council has had to make savings of £14.2m in 2025/26. With costs associated with temporary accommodation, social services, and special educational needs and disabilities all rising at a rate that is not matched by the funding provided by Government, the council is calling for action.

Cllr Diarmaid Ward, Islington Council’s Executive Member for Finance and Performance, said: “We know that these are tough times, but we’re here to support those that need it most – which is why Islington’s lowest-earning households won’t pay a penny of council tax in 2025/26.

“While we’ve been able to take concrete steps towards a more equal future in our budget for this year, we’ve also had to make difficult decisions to achieve the necessary £14.2m in savings.

“With the cost and demand for some of our most important services continuing to rise, councils like ours need greater financial support – and we’re continuing to call on central Government to deliver its much-needed review of funding formulas, to give councils like ours more long-term financial security.”

The full budget papers are available on the council’s website, and in the coming weeks local people will be receiving their 2025/26 council tax bill, which contains a wealth of information about the financial support on offer.