LFB use of reserves

Questions to the Mayor of London – answered on 8th January 2021.

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Photo of Andrew Dismore Andrew Dismore Labour

London Fire Brigade are proposing to use £12.1million of reserves this year in order to address overspend within the budget. How much has Covid-19 impacted on the finances of the Brigade and necessitated the use of reserves?

Photo of Sadiq Khan Sadiq Khan Mayor of London

The use of reserves in the current financial year at £12.1m was based on the forecast overspend at Quarter 1. 2020/21. The financial position has been reviewed and updated at Quarter 2 (Q2) and it is now forecast that a £10.6m draw from the reserves will be necessary to meet the forecast overspend, at £5.6m, and the in year funding reductions, at £5.0m. London Fire Brigade will continue to seek to reduce the overspend, and consequent draw on reserves, further by the year end.

The costs of the COVID-19 response are set out in MQ 2020/4472.