The results saw the Labour and Liberal Democrat parties finish tied on 26 seats each, after the Liberal Democrats gained 12 seats.[2] The Liberal Democrat gains included taking the ward of Barnsbury, where the then Prime MinisterTony Blair had lived before becoming prime minister.[2] In the final seat Labour won by 3 votes after 5 recounts to prevent the Liberal Democrats from winning a majority.[2] This meant Labour was able to continue as the administration, relying on the casting vote of the Labour mayor Pat Haynes.[2]
Reasons for the losses for Labour were reported as being the council tax level, which was the highest in London, poor schools and the council's £800 million debt.[2]