Medium Term Financial Strategy Update July 2026
July 21, 2026 Cabinet (Cabinet collective) Key decision In call-in window View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
The Cabinet decided to approve the Medium Term Financial Strategy update on 21/07/2026. The decision approves the strategy as the basis for ongoing budget planning. The council will begin work to find savings totalling £10.000m to balance the budget in 2029/30, with £6.000m to be implemented early.
Full council record
Purpose
The report provides an update on the projected strategic financial position of the Council as forecast for the next five years, and sets the scene for the annual budget setting process which will culminate in Full Council setting the 2027/28 budget in February 2027.
Decision
For the reasons set out in this report and its appendices, Cabinet RESOLVED to Agree
i) To adopt the Medium-Term Financial Strategy set out in this report as the basis for ongoing budget planning.
Alternatives Considered
A number of alternative scenarios could be considered regarding the financial outlook for the Council over the medium term. The position reported in this report represents a reasonable central scenario. The Medium-Term Financial Strategy is reviewed and reported to Cabinet twice a year.
Related Meeting
Cabinet - Tuesday 21st July 2026 3.00 p.m. on July 21, 2026
Supporting Documents
Details
| Outcome | Decision approved (subject to call-in) |
| Decision date | 21 Jul 2026 |
| Expected date | 21 Jul 2026 |
| Originally due | 21 Jul 2026 |