Purpose

This report sets out the Council’s medium term financial strategy for the next three years.  It will set a clear path forward for the Council’s 2027-28 budget setting process and a framework for this to operate within.

Decision

For the reasons set out in the report and its appendices, the Executive Mayor and Cabinet AGREED to:

1. 1 Agree the financial strategy as set out throughout the report.
2. 2 Note the proposed budget setting timetable set out in Appendix D.
3. 3 Agree the 2026/27 inter-directorate budget movements (virement) as set out in paragraph 13.4 and Table Seven.
4. 4 Note the risks associated with delivery of the Transformation programme as set out at paragraphs 13.3 to 13.9 and the reduction to the savings target of £4.7m for future years for this programme.