Issue - meetings

Following scrutiny, the report was noted.

Members considered the report as circulated within the agenda pack.

Members referred to the Bank of England interest rates, and queried that when they change does the authority follow a set formula in terms of investment and borrowing or is the authorities response to the change determined by a decision of Cabinet? Officers confirmed that the authority has treasury advisors who monitor interest rates and will provide appropriate advice for the authority to consider with regards to future projection of interest rates.

Following scrutiny, the report was noted.