Decision
Analysis
outcome: The Mayor and Cabinet agreed to the Medium Term Financial Strategy and noted the risks associated with future government funding uncertainty.
summary: The decision involves approving the Medium Term Financial Strategy for 2026/27 to 2029/30 and addressing potential budget gaps due to uncertainty in future government funding.
topline: The Mayor and Cabinet has decided to approve the Medium Term Financial Strategy amidst uncertainty in future government funding.
reason_contentious: This issue may be contentious as it involves potential budget cuts and savings which could impact services and stakeholders.
affected_stakeholders: ["Council members", "Local residents", "Service users"]
contentiousness_score: 6
political_party_relevance: There may be implications of political influence as decisions on budget allocations can be influenced by political agendas.
URL: https://councilmeetings.lewisham.gov.uk/ieDecisionDetails.aspx?ID=10605
Decision Maker: Mayor and Cabinet
Outcome:
Is Key Decision?: Yes
Is Callable In?: No
Purpose:
Content: It was MOVED, SECONDED and RESOLVED: To note the risks with regards to the uncertainty of future government funding; and the potential for this to impact negatively on the forecast balanced budget position for 2026/27; To agree the 2026/27 to 2029/30 Medium Term Financial Strategy (MTFS); and To note that the budget gap in the current MTFS will be revised once more information on the funding reform is available which will inform whether the Council will need to commence another round of savings in 2025/26.
Date of Decision: July 9, 2025