00:00paul fisher the cabinet member for value for money and finance said while the announcement on job cuts is difficult
00:06they believe setting the right cause now will pay dividends in the years ahead
00:13the council said the job cuts will save twenty nine million pounds with an additional sixteen million pounds coming from
00:20changes to the way the council leases or rents buildings alongside savings on contracts
00:27the authority is aiming to plug a funding gap predicted to be 160 million pounds by 2029 which it said
00:37stems directly from the government's fair funding program to redistribute funding to areas most in need
00:45the council previously said a council tax rise in 2027 to 2028 is inevitable
00:52the council is expected to give further details on savings it expects to make across departments next month
01:03in a letter to andy burnham in august westminster city council leader paul swaddle wandsworth councils robert
01:09morit and kensington and chelsea councils elizabeth campbell said the government's funding formula punishes
01:16low tax councils the ministry for housing communities and local government spokesperson
01:22said they're fixing an outdated funding system so that funding goes where need is greatest
