The Finance & Investment Portfolio Holder presented the report which gave details of treasury activity in the first half of the current financial year, recent developments in the financial markets and fulfilled the reporting requirements of the Chartered Institute of Public Finance and Accountancy (CIPFA) Code of Practice on Treasury Management.

The Principal Accountant explained that due to the 2021/22 budget setting process being shortened, the Finance and Investment Advisory Committee had not received the report but that it had been circulated to Members of that Advisory Committee for comments.

Public Sector Equality Duty

Members noted that consideration had been given to impacts under the Public Sector Equality Duty.

Resolved:  That the Treasury Management Mid-Year Update for 2020/21 be approved.