Decision details

Treasury Management Strategy and Annual Investment Strategy Mid-Year Review Report 2022/23

Decision Maker: Council Meeting

Decision status: Recommendations approved

Is Key decision?: Yes

Is subject to call in?: No


This report provides Cabinet with a mid-year review of the Council’s Treasury Management Strategy Statement (TMSS) and Annual Investment Strategy (AIS) for 2022/23.


The Council meeting has:-


(1) Noted the report and the treasury activity in the first half of the financial year.


(2) Noted the revised interest rate forecasts for PWLB rates over the short and medium term, which will drive the Council’s long-term borrowing strategies going forward.

Alternative options considered:


Interests and Nature of Interests Declared:


Reason Key: Policy Framework & Budget;

Wards Affected: (All Wards);

Equality and/or Environmental Impact Assessment: An Equality Impact Assessment was undertaken with the initial Treasury Management Strategy Statement that went to the Council meeting on 24.02.22. This report is the mid-year update on that report.

Decision Reference: CM219

Declarations or conflicts of Interest: None.

Forward Plan Reference: F&R4

Other reasons / organisations consulted

A Consultation Report went to CRMG on 23.11.21 ahead of the formulation of the Treasury Management Strategy for 2022/23

Contact: Lorna Soufian, Corporate and Support Services Email: Tel: 0161 474 4026.

Report author: Lorna Soufian

Publication date: 20/01/2023

Date of decision: 12/01/2023

Decided at meeting: 12/01/2023 - Council Meeting

Accompanying Documents: