The council has already said that its decision to cancel six Bonfire Night events and the annual German Christmas Market were brought about by budget pressures
An updated report on the council’s financial position will be considered by senior councillors on the executive board at its meeting at the Civic Hall next Wednesday .
The report details how unexpected significant rises in inflation and energy costs this year which have triggered a cost of living crisis nationally are impacting on the council’s in-year budget position. As a response to the shortfall, the council is freezing recruitment including on agency staff and overtime, as well as non-essential spend, except where this is necessary for health and safety or statutory reasons.All areas of the council have been asked to identify areas for potential additional savings, and when these are taken into account the deficit reduces to £17.98m remaining to be found in this financial year.
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