MEDIUM TERM FINANCIAL STRATEGY 2026-27 TO 2030-31

September 2, 2025 Cabinet (Cabinet collective) Approved View on council website

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Summary

...to address funding pressures and uncertainties, the Cabinet agreed to develop savings and income generation proposals for the Medium Term Financial Strategy 2026-27 to 2030-31, while also noting a letter requesting further funding from the Chancellor of the Exchequer and referring the strategy update to the Finance, Assets and Performance Scrutiny Committee.

Full council record
Content

(i)             
That the funding pressures of £1.777m in
2026/27 and £3.069m over
the 5-year
period covered by the Medium-Term Financial Strategy (MTFS) be
noted.

 

(ii)            
That the approach regarding the development of
savings and income generation proposals in the medium-term, be
agreed.
 

(iii)          
That the continued uncertainty regarding the
medium-term impact of
local government funding, be noted.

 

(iv)          
That the letter sent to the Chancellor of the
Exchequer (Appendix B)

from the Portfolio Holder for Finance, Town Centres
and Growth requesting further funding in respect of Temporary
Accommodation, be noted.

 

(v)           
That the first Medium Term Financial Strategy update
be referred to the Finance, Assets and Performance Scrutiny
Committee for their views.
 

Related Meeting

Cabinet - Tuesday, 2nd September, 2025 2.00 pm on September 2, 2025

Supporting Documents

Appendix B - Letter 1.8.25 Rachel Reeves Chancellor of the Exchequer.pdf
MTFS 2026-2031 Cabinet Report SEPTEMBER 2025 v2.pdf

Details

OutcomeRecommendations Approved
Decision date2 Sep 2025