Cabinet resolved to recommend the Assembly to note:
(i) The Treasury Management Strategy Statement Mid-Year Review 2020/21;
(ii) That the value of the treasury investments as at 30 September 2020 totalled £241.1m;
(iii) That the treasury investment strategy outperformed its peer group, with a return of 1.50% against an average of 0.48% for London Local Authorities and 0.34% for the total comparable population of 211 Local Authorities;
(iv) That the value of the commercial and residential loans lent by the Council as at 31 March 2020 totalled £171.0m;
(v) That the value of long term borrowing as at 30 September 2020 totalled £945.8m, of which £275.9m related to the Housing Revenue Account and £669.9m to the General Fund;
(vi) That the value of short term borrowing as at 30 September 2020 totalled £99.5m;
(vii) That interest would be capitalised on long term developments of over £10m, effective from 1 April 2019; and
(viii) That in the first half of the 2020/21 financial year, the Council complied with all 2020/21 treasury management indicators.