On 14 October 2025 Cabinet:-
(i)
Agreed the Medium
Term Financial Strategy Principles for the period 2026/27 to 2028/29 (Section 4,
to the report);
(ii)
Noted the update
from the Spending Review June 2025 (Section 5, to the report);
(iii)
Noted the General
Fund forecast budget gap for 2026/27, 2027/28 and 2028/29, and updated
assumptions (Section 6, to the report); and
(iv)
Endorsed the
savings options proposed to close the budget gap and note that these will now
go into the Budget Scrutiny process. (Section 9, paragraphs 9.1 to 9.11, to the
report, refers);
(v)
Noted the Housing
Revenue Account Business Plan update (Appendix 4, to the report); and
(vi)
Agreed that the
use of reserves that have not been budgeted for will need to be reported as
part of the Quarterly Budget Monitoring and require Cabinet approval (Section
14, paragraph 10.2, to the report).
THE
DEADLINE FOR CALL IN IS 1600 HOURS ON MONDAY 20 OCTOBER 2025.