Issue - meetings

Budget 2021/2022

 

 

Meeting: 10/12/2020 - Economy, Regeneration & Climate Change Scrutiny Committee (Item 6)

6 Responding To Our Medium Term Financial Plan - Update Following The 2020 Spending Review pdf icon PDF 426 KB

To consider a report of the Corporate Director (Corporate and Support Services) and Deputy Chief Executive.

 

The update will build on the Medium Term Financial Plan (MTFP) Update report presented to the Cabinet meeting in October to ensure the MTFP forecasts and assumptions continue to be robust and based on the latest information. This will include an update on the financial impact of announcements made since October including:

 

·         The ongoing national and local response to the COVID19 pandemic; and

·         The Government’s 2020 Spending Review.

 

The Scrutiny Committee is recommended to comment on and note the report.

 

Officer contact: Michael Cullen on 0161 474 4631 or email: michael.cullen@stockport.gov.uk

 

Additional documents:

Minutes:

The Corporate Director (Place) and Deputy Chief Executive submitted a report of the Corporate Director (Corporate and Support Services) and Deputy Chief Executive (copies of which had been circulated) building upon the Medium Term Financial Plan (MTFP) Update report presented to the Cabinet meeting in October to ensure the MTFP forecasts and assumptions continued to be robust and based on the latest information.

 

The report included an update on the financial impact of announcements made since October including the ongoing national and local response to the Covid-19 pandemic and the Government’s 2020 Spending Review.

 

The Deputy Leader of the Council and Cabinet Member for Commissioning, Resources & Governance (Councillor Tom McGee) and the Cabinet Member for Economy and Regeneration (Councillor David Meller) attended the meeting to respond to questions from the Scrutiny Committee.

 

The following comments were made/issues raised:-

 

·         The Council’s savings proposals for 2021/22 appeared manageable and concern was expressed that more far reaching savings requirements would be put forward for 2022/23.

·         Further guidance was expected from the Government on the use of Brexit reserves and a decision would be made on the use of the fund once the guidance had been received.

 

RESOLVED – That the report be noted.