Agenda item

The Cabinet considered a joint report of the Corporate Director of Resources and Director of Transformation and Partnerships which provided an update on the development of the 2020/21 budget and the Medium Term Financial Plan (MTFP(10)).  The report also considered a review of the Local Council Tax Reduction Scheme for 2020/21 (for copy see file of minutes).

Cabinet members spoke of the uncertainty with financial settlements and that instead of receiving a comprehensive spending review covering a three year period it is expected that this will be delayed and there will be a one year settlement for local government. It was emphasised how difficult it was to operate with this financial uncertainty, on-going austerity and the significant budget pressures being faced, however the Council would continue with its financial planning. Lobby the government on these issues continues. 

Resolved:

That the recommendations contained in the report be approved.