New Year, Clarity and Finances

Firstly, Happy New Year to those of you to whom I have not already seen in person.  I hope that 2020 is a happy, healthy and prosperous year for you and your family.  It is also the start of the new decade, and it feels like we have a number of differences for Staffordshire County Council to take advantage of.  The political stalemate in London has been cleared, and we now have some clarity in terms of leaving the European Union; that clarity will hopefully also extend to getting some of legislation, held up for the three years since the European Referendum, passed.  Secondly, the Prime Minister and his government have stated that they are more focussed on the Midlands and the North of England than they were before, and we must be ready to react quickly to attract as much of that attention – and funding – to Staffordshire.  Thirdly, we are in a good place as an organisation, well-balanced and capable – the obvious partner for realising the government’s ambitions.

Picking up on the last point, if you have not read our Medium Term Financial Strategy (MTFS), it would be worth a few minutes of your time to browse through it.  Getting to this point has been hard; we have made tough decisions and followed through on them.  We are a smaller, more agile organisation than even when I arrived in post five years ago, and I do not underestimate the effort required to get here.  That said, we have come through austerity in good condition, and some of the conversations that I have had on the side-lines of local government events before Christmas about “Is austerity over?” are missing the point.  We are where we are, and we won’t be going back.  If there is some more money in the coming months and years, we will aim to invest it in the future, for the benefit of Staffordshire’s residents, rather than turning on things that we have turned off in the past.  The analogy with our personal finances is, in this case, sound.  When we face a financial shock at home, we can either raid the savings, run up debt on the credit card, or reassess our spending.  Like every sensible person, Staffordshire County Council did the latter, and if our income rises in the future, we will spend it on what we need today and tomorrow.          

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