Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: No

Date of Decision: February 25, 2026

Purpose: The report sets out the Council’s proposed Treasury Management Strategy Statement (TMSS) for the period 2026/27 to 2035/36.

Content: DECISION: The Cabinet agreed to recommend that Full Council approves:         I.         The Treasury Management Strategy 2026/27 and supporting appendices     II.         Delegation to Cabinet of the Quarterly monitoring of the Council’s Treasury position including, Prudential Indicators as part of the quarterly monitoring cycle, with the exception of the mid-year update and outturn reports which will be submitted to Council for approval    III.         Maintain the 2026/27 Authorised Limit for borrowing and leases at £1.9bn in line with 2025/26 as set out in para 3.8.   IV.         Change in the annuity rate used for Minimum Revenue Provision (MRP) applied to unsupported borrowing from 2026/27 from the fixed 3.50% to the prevailing PWLB rate to better reflect the Council’s cost of borrowing.     V.         The debt strategy as set out in section 5.