Positive news about our 2024/25 budget

18 July 2025

On 9 July 2025, Full Council considered the performance and budget report for the year 2024/25. The report revealed that at the year-end (31 March 2025) we had a net underspend of just over £0.5 million. This is a tremendous, collaborative achievement when considering that at the end of quarter 3 (December 2024) we were forecasting an overspend of £26 million.

Thanks to all colleagues who have worked so hard to control expenditure during the year while continuing to deliver vital services.

Although cost pressures remain, especially for our demand-led adults and children's services, this achievement means we start the new financial year positively, knowing that we have the right mechanisms in place to ensure effective financial control.