RESOLVED:

1. That Cabinet considered and agreed the additional new savings proposals for 2023/24 to 2025/26 (Appendix 2) and refers them to the Overview and Scrutiny Commission on 25 January 2023 for consideration and comment.

2. That Cabinet considered and agreed that the draft unachievable saving proposal of £50k (2020-21 CS11 ) is removed from the MTFS and referred to the Overview and Scrutiny Commission on 25 January 2023 for consideration and comment.

 3. That Cabinet agreed the latest amendments to the draft Capital Programme 2023-2026 and refers them to the Overview and Scrutiny Commission on 25 January 2023 for consideration and comment.

4. That Cabinet noted the details contained in the Provisional Local Government Finance Settlement 2023/24 and the implications for Merton’s MTFS as summarised in Appendix 1.

5. That Cabinet considered and approved the Council’s draft Capital Strategy and Treasury Management Strategy for 2023/24

The Cabinet Member for Finance and Corporate Services presented the report, noting that a further set of savings proposals would be considered by Scrutiny panels in the week following the meeting. The Cabinet Member advised that Councils were expected to take the maximum increase and precept however also noted that the majority of households within Council Tax Bands A-D would receive a one-off discount in Merton.

The Interim Executive Director for Finance and Digital advised that officers were continuing to work to deliver savings and that the money from the sale of CHAS ahad been immediately invested.

Cabinet Members spoke to thank all involved for their work.

RESOLVED:

1. That Cabinet considered and agreed the additional new savings proposals for 2023/24 to 2025/26 (Appendix 2) and refers them to the Overview and Scrutiny Commission on 25 January 2023 for consideration and comment.

2. That Cabinet considered and agreed that the draft unachievable saving proposal of £50k (2020-21 CS11 ) is removed from the MTFS and referred to the Overview and Scrutiny Commission on 25 January 2023 for consideration and comment.

 3. That Cabinet agreed the latest amendments to the draft Capital Programme 2023-2026 and refers them to the Overview and Scrutiny Commission on 25 January 2023 for consideration and comment.

4. That Cabinet noted the details contained in the Provisional Local Government Finance Settlement 2023/24 and the implications for Merton’s MTFS as summarised in Appendix 1.

5. That Cabinet considered and approved the Council’s draft Capital Strategy and Treasury Management Strategy for 2023/24