To consider and review the medium term financial strategy (MTFS) for 2012/13 onwards along with developments and emerging issues that will affect the revenue and capital budget for 2012/13. This will provide draft assumptions that will develop the MTFS for 2012/13 onwards for planning purposes and to enable consultation, including the context of the revised strategic plan and the report of the Head of Change and Support considering the timetable for the review of the strategic plan and the development of this strategy.