Standard: Lewisham faces budget cuts of £60m over three years

The Evening Standard has predicted that London councils will face combined cuts of £2 billion from their central government funding over the next three years, with Lewisham expected to lose £60 million of central funding between now and 2014.

Lewisham is currently consulting over how to cut its budget by £60 million, a figure that has been the target since before the election. The Standard says that across the capital, Councils could shed as many as 30,000 jobs as core services are cut.

The results of the Government's comprehensive spending review are announced on October 20th, at which point we'll know the nature and scale of central government spending cuts.