Issue - meetings

To consider and provide a recommendation to Cabinet on the proposals set out in the attached report.

Lee Colyer, Director of Finance, Policy and Development provided a verbal update which included the following:

-       No report was available at this time due to the cancellation by Government of the Autumn Budget and the delay of the Comprehensive Spending Review which had now been downgraded to just a single spending review which wouldn’t take place until 25 November 2020.

-       In addition, no date had been set for the provisional Local Government Settlement which would have set out the important information needed to feed into the Council’s budget.  This would have included any details of Covid-19 financial support, whether the New Homes Bonus would continue and also the levels of Council Tax thresholds that could be changed.

-       The process of putting together detailed estimates would continue and it was hoped that once the figures had been inputted into the Council’s financial management system, the overall numbers that come out would not be too dissimilar to the projections already set out in the  Budget Update Report discussed earlier.

RESOLVED – That the verbal update be noted.