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.