The Budget and Performance Committee of the Greater London Authority Council met on Monday 26 January 2026 to discuss the 2026-27 Greater London Authority Group Budget. Key discussions included the budget proposals for the Mayor's Office for Policing and Crime (MOPAC) and Transport for London (TfL), as well as the overall financial health and work programme of the committee. The committee noted recent actions taken under delegated authority and reviewed payments over £250.

The 2026-27 Greater London Authority Group Budget

The committee received background information on the Mayor of London's draft 2026-27 Budget proposals, with invited guests including the Mayor himself, Sir Sadiq Khan, David Bellamy (Mayor's Chief of Staff), and Fay Hammond (Chief Finance Officer, GLA). The committee noted the report and the subsequent discussion, delegating authority to the Chairman to agree any output arising from the meeting. A specific point of discussion was the consolidated climate budget related to Transport for London (TfL), with a request for clarification on the incremental costs associated with achieving net zero carbon emissions by 2030 compared to 2050.

Payments Over £250

The committee noted a report detailing payments over £250 made by the Greater London Authority (GLA) and its subsidiaries, GLA Land & Property Ltd and London Power Corporation Ltd, during the period from 14 September 2025 to 6 December 2025. This report, which excludes certain categories of payments such as staff salaries and intercompany transactions, totalled £519 million for the third quarter of the year.

Actions Taken Under Delegated Authority

The committee was asked to note recent actions taken by the Chairman under delegated authority. These actions included agreeing, in consultation with party Group Lead Members, to send letters to the Mayor of London concerning the 2026-27 Greater London Authority Group Budget for both the Mayor's Office for Policing and Crime (MOPAC) and Transport for London (TfL).

Summary List of Actions

The committee received and noted a report updating them on the progress of actions arising from previous meetings, as well as any additional correspondence received.

Budget and Performance Committee Work Programme

The committee reviewed and noted its proposed work programme and meeting dates for the remainder of the 2025/26 Assembly year. The schedule included a meeting on 25 February 2026 to discuss the final draft consolidated GLA Group Budget for 2026-27, with a further meeting on 19 March 2026 to be confirmed.

Declarations of Interests

The committee received a report from the Executive Director of the Assembly Secretariat and noted the list of offices held by Assembly Members as disclosable pecuniary interests.

Minutes

The committee confirmed the minutes of the previous meeting held on 16 December 2025, to be signed by the Chairman as a correct record.

Apologies for Absence and Chairman's Announcements

There were no apologies for absence received for this meeting.

Date of Next Meeting

The next meeting of the committee was scheduled for 25 February 2026 at 2:00 pm in the Chamber, City Hall.

Any Other Business the Chairman Considers Urgent

There were no items of urgent business raised by the Chairman.