Decision details

The Leader moved the recommendations of the report, seconded by Councillor Wood, and invited the Head of Service – Finance to present the report.

The Head of Service – Finance presented the report, making the following points:

• the base rate was steadily reducing; and
• the Council were avoiding borrowing where possible using cash balances.

During debate Councillor Moore was interested to hear the Leader’s opinion and understand the cautious approach to borrowing. She was concerned that this could put the Council at risk in the short to medium term.

The Leader felt that it was responsible to not borrow and clarified the reasons why.

Following a vote, the recommendations were unanimously CARRIED.