Issue - decisions

RESOLVED: (i)         That the performance of the Treasury Management activity be noted.

                        (ii)        That the projected underspend of the Treasury Management budget by £150k be noted.

                        (iii)       That the change in the Treasury Management strategy to increase the target interest rate on borrowing from 4.5% to 5.5%, in line with the increase in PWLB rates due to the Comprehensive Spending Review, as detailed in paragraph 28 of the report, be approved.

REASON:      To ensure the continued performance of the Council’s Treasury Management programme.