NO Deal Brexit Would Be A Negative for Wolverhampton!
Today Mary and I will be attending Audit and Risk Committee. Amongst the Key Matters that will be under discussion will be the External Auditors Reports. We will be looking at some of the projected overspends on budget, and the Authorities plans to constrain them.
The central concerns around the Civic Hall refurbishment is also due to be discussed, as a paper will be on the Agenda.
Brexit was added onto the Risk Register of the City Council in November. It flagged that a ‘No Deal’ Brexit would be a negative for the Authority and the wider City. This has become a ‘Red’ Risk for the City.
Work is now underway to ensure that the political implications are being monitored . This includes the potential of a Snap Election or a new Referendum! There is also work being undertaken with regional partners around these issues.
I will be looking to hear what the External Auditors are having to say on this one…I am sure I will want to add a few words of my own here!
Audit and Risk is often seen as a ‘Dry as Dust’ committee, somehow I don’t thin that this item will be categorised as such.
Meeting starts at 14.00.