This report provides an update on treasury management performance for the first six months of 2020/21.

The Panel received a report providing an update on treasury management performance for the first six months of 2020/21.

The following matters were debated by Councillors:

·         The Council’s ability to borrow.

·         The cost of the premium for early settlement of PWLB loans.

·         The possibility of negative interest rates in the future.

·         The Council’s authorised borrowing limit.

·         Current investment strategy.

Following consideration, the Panel resolved to:

(1)      Receive the presentation from Link Asset Services – Treasury Solutions;

(2)      Note the performance on return of investments for the first six months of 2020/21;

(3)      Note the current investment decisions being made within the terms sets out in the Treasury Management Strategy.