Like other councils, our budgets have been severely cut in recent years as government support reduces.
The overall loss in core funding for Tower Hamlets between 2010 and 2016/17 is 46.1%. In addition there is now a further 18 per cent reduction between 2017/18 and 2019/20.
In total this means that by the end of 2020 the council will have lost 54.6% of its core funding. Inflation means that this loss is in reality even more severe.
Since the cuts started in 2010, the council has saved £138.3m.
However, we now have to save a further £58m by 2020. As the government cuts go deeper, it is more difficult to make the savings.
That means we have to find ways of saving £1 from every £6 we currently spend.
All of this at a time when we are facing more pressures than ever before with more vulnerable elderly people and children needing our support.
- The number of children and young people is expected to rise by 11.2% (to 74,203 from 66,745)
- We are expected to need another 4,122 school places – a rise of 10.8% (currently 38,329 to 42,451)
- We are expecting a 11.2% increase in the number of residents with a limiting health problem or disability (40,203 to 44,686)
- Our population is expected to increase by 13% to 331,010 – the fastest growing in London
- The number of older people is expected to rise 13.4% (from 17,114 to 19,411)
- A 9.6% expected increase in waste we collect (100,231 rise to 109,844)