RESOLVED:

That Cabinet reviewed the position as set out in the report:

a)    Noted that new borrowing of £25m has been taken out during quarter 3, in line with the Treasury Management Strategy 2024/25. This is part of the replacement of internal borrowing (using internal balances) with external borrowing (as internal balances have been reduced).

b)    Noting the summary of the wider economic environment and the Council’s borrowings and investments set out in Appendix A

c)     Noting the performance within prudential indicators for quarter 3, 2024/25 (Appendix B)