This report updates Members on the activity of the Treasury Management function.

The Committee considered a report on the activity of the Treasury Management function during the first quarter of the year for the period 1 April to 30 June 2025.  The report stated that the CIPFA Code of Practice for Treasury Management 2021 recommended that the Committee should be updated on treasury management activities at least quarterly.  The Committee was advised that there had been full compliance during this period with the Treasury Management Strategy Statement (TMSS), as agreed by Council on 25February 2025. 

The report had attached the MUFG Corporate Markets Economics Update; Borrowing and Investment Portfolios; and the list of approved countries for investments.

Resolved:     That the Treasury Management Review Quarter 1 report for 2025/26 be noted.