To provide an update on the key headlines from the Spending Review June 2025 and potential impact of local authority funding reform on the council’s future financial position.

That Cabinet:

a) Notes the key estimates assumptions which inform the financial forecast and the updated projected funding gap over the medium-term period 2026/27 to 2028/29; and

b) Agrees the proposed approach and timetable for revenue and capital budget setting for 2026/27.

Cabinet may choose to review financial position and performance more or less frequently; or request alternative actions to deliver financial planning arrangements, including referral to the relevant scrutiny committee.