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London council debt
Greater London: the combined debt of its 33 councils. Latest figures: Jun 2026.
Total debt
£21.4bn
33 councils
Debt per person
£2,349
9,122,909 residents
Net debt
£15.3bn
after £6.11bn of investments
Change in a year
+10.4%
+£2.02bn since Mar 2025
Not included
£20.1bn
owed by the Greater London Authority group (GLA, TfL, policing, development corporations)
London council debt over time
Sum of the outstanding borrowing of its councils at each date, Mar 2010 to Jun 2026.
Councils in Greater London
| Council | Debt | Per person | Share |
|---|---|---|---|
| Croydon | £1.64bn | £3,989 | 8% |
| Barking & Dagenham | £1.59bn | £6,660 | 7% |
| Newham | £1.56bn | £4,143 | 7% |
| Barnet | £1.34bn | £3,281 | 6% |
| Enfield | £1.28bn | £3,878 | 6% |
| Southwark | £1.20bn | £3,828 | 6% |
| Haringey | £1.17bn | £4,396 | 5% |
| Lambeth | £1.13bn | £3,588 | 5% |
| Brent | £1.07bn | £3,048 | 5% |
| Greenwich | £868m | £2,880 | 4% |
| Ealing | £842m | £2,176 | 4% |
| Kensington & Chelsea | £675m | £4,634 | 3% |
| Hillingdon | £637m | £1,951 | 3% |
| Havering | £631m | £2,247 | 3% |
| Hounslow | £624m | £2,084 | 3% |
| Redbridge | £566m | £1,759 | 3% |
| Westminster | £551m | £2,594 | 3% |
| Waltham Forest | £535m | £1,886 | 2% |
| Hammersmith & Fulham | £524m | £2,755 | 2% |
| Harrow | £455m | £1,670 | 2% |
| Sutton | £452m | £2,114 | 2% |
| Islington | £444m | £1,975 | 2% |
| Kingston upon Thames | £379m | £2,194 | 2% |
| Hackney | £347m | £1,302 | 2% |
| Camden | £294m | £1,358 | 1% |
| Bexley | £246m | £955 | 1% |
| Lewisham | £183m | £608 | 1% |
| Richmond upon Thames | £104m | £529 | 0% |
| Tower Hamlets | £68.7m | £206 | 0% |
| Merton | £38.0m | £174 | 0% |
| Wandsworth | £1.2m | £3 | 0% |
| City of London | £0 | – | 0% |
| Bromley | £0 | – | 0% |
All of these councils run every local service in their area, so their debts add up without counting anything twice. As at Jun 2026.
Greater London Authority group (GLA, TfL, policing, development corporations)
These bodies borrow for the whole of Greater London. Their debt is shown here but not added to the councils' total.
London council debt by year
| Date | Debt | Investments | Net debt | Per person | Population |
|---|---|---|---|---|---|
| Jun 2026 | £21.4bn | £6.11bn | £15.3bn | £2,349 | 9,122,909 |
| Mar 2026 | £21.4bn | £5.39bn | £16.0bn | £2,346 | 9,122,909 |
| Dec 2025 | £20.4bn | £6.07bn | £14.4bn | £2,241 | 9,122,909 |
| Sep 2025 | £19.8bn | £6.16bn | £13.6bn | £2,166 | 9,122,909 |
| Jun 2025 | £19.5bn | £6.93bn | £12.6bn | £2,132 | 9,149,646 |
| Mar 2025 | £19.4bn | £6.15bn | £13.2bn | £2,119 | 9,149,646 |
| Dec 2024 | £18.3bn | £6.98bn | £11.3bn | £1,998 | 9,149,646 |
| Sep 2024 | £17.8bn | £7.53bn | £10.3bn | £1,944 | 9,149,646 |
| Jun 2024 | £17.0bn | £7.73bn | £9.32bn | £1,880 | 9,066,906 |
| Mar 2024 | £17.0bn | £7.08bn | £9.87bn | £1,870 | 9,066,906 |
| Sep 2023 | £15.4bn | £8.69bn | £6.71bn | £1,699 | 9,066,906 |
| Jun 2023 | £15.2bn | £9.02bn | £6.21bn | £1,708 | 8,917,360 |
| Mar 2023 | £15.2bn | £8.21bn | £6.96bn | £1,700 | 8,917,360 |
| Dec 2022 | £14.7bn | £9.37bn | £5.37bn | £1,653 | 8,917,360 |
| Sep 2022 | £14.5bn | £9.44bn | £5.05bn | £1,624 | 8,917,360 |
| Jun 2022 | £14.0bn | £8.96bn | £5.09bn | £1,595 | 8,804,769 |
| Mar 2022 | £14.2bn | £8.78bn | £5.41bn | £1,612 | 8,804,769 |
| Dec 2021 | £13.9bn | £9.37bn | £4.53bn | £1,579 | 8,804,769 |
| Sep 2021 | £13.4bn | £9.03bn | £4.36bn | £1,521 | 8,804,769 |
| Jun 2021 | £13.2bn | £8.45bn | £4.77bn | £1,491 | 8,867,008 |
| Mar 2021 | £13.4bn | £7.36bn | £5.99bn | £1,506 | 8,867,008 |
| Dec 2020 | £13.1bn | £7.67bn | £5.42bn | £1,476 | 8,867,008 |
| Sep 2020 | £13.0bn | £7.57bn | £5.39bn | £1,462 | 8,867,008 |
| Jun 2020 | £13.0bn | £8.01bn | £5.03bn | £1,467 | 8,889,743 |
| Mar 2020 | £13.1bn | £7.42bn | £5.71bn | £1,477 | 8,889,743 |
| Mar 2019 | £11.4bn | £7.47bn | £3.88bn | £1,285 | 8,833,335 |
| Mar 2018 | £10.5bn | £7.81bn | £2.66bn | £1,193 | 8,776,229 |
| Mar 2017 | £9.56bn | £7.97bn | £1.58bn | £1,093 | 8,743,651 |
| Mar 2016 | £9.22bn | £8.05bn | £1.17bn | £1,065 | 8,659,545 |
| Mar 2015 | £9.00bn | £7.58bn | £1.43bn | £1,053 | 8,547,192 |
| Mar 2014 | £8.95bn | £6.99bn | £1.96bn | £1,060 | 8,438,987 |
| Mar 2013 | £9.25bn | £6.47bn | £2.78bn | £1,112 | 8,320,767 |
| Mar 2012 | £9.54bn | £5.49bn | £4.05bn | £1,163 | 8,204,407 |
| Mar 2011 | £11.0bn | £5.23bn | £5.77bn | £1,365 | 8,061,495 |
| Mar 2010 | £10.8bn | £5.13bn | £5.69bn | £1,361 | 7,942,594 |