Report attached.

Report Title: 2026-2029 Medium Term Financial Strategy Update

Presented by: Councillor Chris Wilkins (Cabinet Member for Finance)

Cabinet:

2.1.      Cabinet noted the medium-term financial position set out in this report

2.2       Cabinet noted the proposed savings and investment set out in this report and authorised officers to start the budget engagement process, including specific consultations (where required) to implement the savings in this report.

2.3       Cabinet authorised officers to action efficiency and invest to save proposals with immediate effect in 2025/26 where possible if the operational savings proposals are not public facing, and so therefore is not subject to consultation and an EQUIA.

2.4       Cabinet noted the position regarding further exceptional financial support from the Government and to note that officers will continually review and update the Medium Term Financial Strategy from now through to when the Budget is signed off by Full Council.