Most London councils overspent on their homelessness budget last year as the capital struggles to deal with more than half of England's homeless population.
The cost of putting homeless people in temporary accommodation has soared by 25% for London councils in the past year as landlords sell up or choose private tenants, Sky News can reveal. Some councils in the capital are facing potential bankruptcy as the growing demand for homelessness services alongside increasing accommodation costs has meant local authorities have had to dig into their own coffers as there is not enough government funding to cover their costs.
The number of notices to leave those arrangements received by boroughs from September 2022 to April 2024 was more than 10,000 - a loss of 18% of London's total temporary accommodation stock. Read more:Prince William believes homelessness can be endedLabour pulls £1.3bn funding for AI projects Newham facing bankruptcy The east London borough of Newham is one of the councils facing bankruptcy if it does not receive support from the government.
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