Issue - meetings

Councillor Bittleston introduced the recommendation of the Executive regarding the Medium Term Financial Strategy for the Housing Revenue Account.

RESOLVED

That the Housing Revenue Account Medium Term Financial Strategy report be approved.

Reporting Person – Leigh Clarke

The Executive received a report which sought approval of the Executive to recommend to Council the Housing Revenue Account (HRA) Medium Term Financial Strategy.  The Leader of the Council, Councillor Bittleston, reported that all Conservative Leaders’ had been asked by Lord Porter of Spalding, the Chairman of the Local Government Association (LGA) to co-sign a letter to the Government asking the Prime Minister and the Chancellor to remove the HRA cap straightaway.  The Leader added the caveat that removing the HRA cap was only helpful if the Council was able to mitigate the position with the Right to Buy.

RECOMMENDED to Council

That the Housing Revenue Account Medium Term Financial Strategy report be approved.

Reason:   To approve the proposed use of HRA resources and set a framework for preparing the detailed revenue and Housing Investment Programme budgets for 2019/20 onwards.