Decision details

Having considered an officer report, and a presentation by the Cabinet

Member for Finance and Resources, Councillor Amanda De Ryk, the Mayor

and Cabinet agreed that:

(1) the Council’s 2020/21 Investment Strategy be changed to exclude the UK

from the minimum sovereign rating requirement of AA-; and

(2) the report be noted, in particular the macroeconomic updates,

performance of investments to date, updates on capital expenditure and

borrowing in line with the Chartered Institute of Public Finance and

Accountancy’s (CIPFA) prudential indicators, and compliance with the

Council’s Treasury Management Strategy.