The Medium Term Financial Strategy

Most of you are aware that we published our Medium Term Financial Strategy (MTFS) last week. It will be discussed and recommended for approval at Cabinet tomorrow, after which the hard work begins to implement it.

The figures are sobering. We have to take £35M out of our operating costs next year – that’s a bit over 7% across the business. We’ve been at this for a long time – £240M removed from costs over the past 9 years. But as we all know, it gets harder every year as the savings become increasingly hard to find. On top of that, at the same time as we’re finding savings, demand for social care is rising; SCC is spending £315M on children and adults this year against £200M a decade ago. It just means that there is less money around for the things that don’t immediately contribute to safety and health.

With the scale of the changes we are proposing, there will be a period following the Cabinet meeting where detailed plans will need to be drawn up so that you have a clear view of what will happen and when.

I know that this is a very difficult process, and that the announcement has caused a great deal of uncertainty. My undertaking to you is that I will be open and honest and tell you what we know as soon as we can.

I would reiterate my thanks to you personally and corporately for a job well done thus far. I’ve been enormously impressed with the commitment and professionalism of officers making what are often difficult and painful decisions as well as the continued passion of colleagues to do what is right for our citizens. I finish by reminding those of you in leadership positions to do everything you can to support your people as we work to implement this programme.

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