Bexley Council has entered into a new partnership with Southwark Council for treasury management services, a move announced during a recent Finance & Corporate Services Overview and Scrutiny Committee meeting.
Councillor Stefano Borella, Leader of the Labour Group and Shadow Cabinet Member for Corporate Policy and Budget, revealed the new collaboration as part of his update to the committee on March 25, 2026. This partnership signifies a shift from Bexley's previous arrangement with Westminster and will involve the sharing of specific treasury management services.
The meeting agenda, available here, outlined various council business, including updates on work programmes and strategies. While the specific details of the treasury management services to be shared were not elaborated upon in the initial announcement, the partnership aims to streamline operations and potentially achieve cost efficiencies.
Other items discussed at the meeting included a report on the Final report of the Procurement Act 2023 task and finish group
and updates on the People strategy update
. The committee also reviewed the Work programme Report
for the upcoming period.
Further details regarding council proceedings and decisions can be found in the Final minutes 4 Feb 2026
document.
