Kingston Council's borrowing strategy
Kingston Council's borrowing strategy for 2025/26 focused on reducing debt by using cash reserves.
Kingston Council's Audit, Governance and Standards Committee reviewed the local authority's borrowing strategy for the 2025/26 financial year in June 2026. The council borrowed £379 million, which was £154 million lower than its capital financing requirement. This reduction was achieved by utilising approximately £154 million of its cash reserves, according to the Treasury Management Annual Report for 2025/26.
The council's borrowing strategy focuses on minimising additional borrowing by using cash reserves. Katherine Gray, Head of Pensions, Investments and Treasury, presented the report, which highlighted a volatile market influenced by global events.
Key facts
- Kingston Council's Audit, Governance and Standards Committee reviewed the 2025/26 borrowing strategy in June 2026. Source
- The council borrowed £379 million for the 2025/26 financial year. Source
- This borrowing was £154 million lower than the capital financing requirement. Source
- Approximately £154 million of cash reserves were used to reduce borrowing. Source
- The Treasury Management Annual Report for 2025/26 noted a volatile market. Source
About this summary
This summary was written automatically from our published stories and the council meeting records they draw on. It describes what councils have discussed and decided; it does not take a view on any decision. Each key fact links to the story it comes from. Updated 30 September 2026. Spotted a mistake? Email community@opencouncil.network.