""significant action must be taken to ensure the financial survival of the council in the current year and to provide "headroom against further unanticipated variances".""
"It asks the cabinet to "declare a financial emergency" and instruct council officers "to reduce all non-essential spending between September and March"."
""As a council, we must all move quickly to challenge every pound and stop all non-essential spend. "If we do this, I'm confiden"
The council's finance forecast predicts an overspend of £35.169m by the end of the 2025-26 financial year, with £889,000 unfunded by reserves or other means. A rise in demand for social care, which the council is legally required to provide, is driving the financial pressure. The chief executive will be asked to chair a recovery board to identify urgent savings and avoid effectively declaring bankruptcy. Cabinet will be asked to approve tighter spending controls and to reduce all non-essential spending between September and March. A 10% reduction in planned spending to year-end is projected to restore legal compliance. Initiatives may be scaled down, delayed, or extended to achieve required savings.
Read at www.bbc.com
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