
The Met’s budget for this year is just over £3.5bn, a 3.5% increase from 2023/24, comprising £2.6bn from central government and £956m from local taxes.
Sir Mark said conversations over its funding allocation from next April – which would normally be expected to be announced in December or January – were still “ongoing” with the government and City Hall.
But, speaking to BBC Radio 4’s Political Thinking with Nick Robinson, he said he was “deeply troubled by the situation we appear to be heading towards”.
Policing a global capital such as London came with an “extra set of challenges”, he said, adding that per person was lower than in other cities such as New York and Sydney.
He said that the “cumulative effect of decisions over the last decade or so” had put the force in a “more and more precarious position”, and some of its buildings would be “unusable” in a few years without further investment.
“Some of the things that successive [police] commissioners and mayors have used to balance the books – like selling police stations and using reserves – all of those things have run out,” he added.
“The chancellor has been very clear – it’s a difficult public sector context.”
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