Decision details

Gemma Farley (Hampshire County Council) was present (virtually via MS Teams) at the meeting and introduced the report and provided an update to members on interest rate changes and also CIPFA code updates. 

Ms Farley responded to members’ questions.  She advised that she would confirm to committee members on possible impact on returns from the council’s pooled property fund following the increase to the Bank of England base rate; although it was not expected that there would be any significant change.

Councillor Cutler also reassured members that the council would continue to re assess its budgetary position having regard to increases to both inflation and interest rates, as well as having regard to the government’s spending review settlement. 

RESOLVED:

That the Treasury Management Mid-Year Monitoring Report 2021/22 be noted.