The purpose of this report is to brief Cabinet on the content of the Comprehensive Spending Review and Pre-Budget 2007 announcements made on 9th October, 2007.

THAT the content of this report as important context for reviewing the Council’s Medium-Term Financial Management Strategy for 2008 – 2011 be noted.

Cabinet has executive responsibility for managing the Council’s financial affairs including making recommendations to Council on budget plans.  It is essential that the Council’s business and financial planning processes take account of national policy developments.

There are no alternative options.