Agenda item

Medium Term Financial Plan(12) 2022/23 - 2025/26 - Report of Corporate Director of Resources [Key Decision: CORP/R/21/02]

Minutes:

The Cabinet considered a report of the Corporate Director of Resources which provided an overview of the Chancellor of the Exchequer’s Comprehensive Spending Review announcements on 27 October 2021.

 

 

The report considered the impact upon the development of the 2022/23 budget and the Medium Term Financial Plan (MTFP(12), 2022/23 to 2025/26 report and provided an update on a range of budget pressures that will need to be accommodated next year, including the ongoing impact of the pandemic on waste budgets (for copy of report see file of minutes).

 

Councillor R Bell thanked officers for the report which provided an update and overview following the comprehensive spending review announcement on 27 October. He explained that the government had recognised some of the pressures faced by the sector and despite the fiscal constraints of the national debt had found the resource to invest in the sector which is welcomed.  He advised that there was still uncertainty on the impact for this council and anticipated that clarity would be provided once the local government finance settlement was received hopefully on Thursday. He thanked the Corporate Director and officers for the work undertaken, and also that they would need to do over the Christmas period in preparation of a report to go to Cabinet in January.

 

Resolved:

 

That the report be noted.

 

Supporting documents: