The Board met for a full day on Monday 15 August to start planning our strategy for the next three years. Over the next month, this will be worked into a business plan and budget which the Board will consider at our September meeting.
After the strategy meeting we held our normal Board meeting and started by recording our sadness at the recent death of our Financial Services Manager, Jim McNair. Jim was an excellent servant to the Board and will be sadly missed. During the meeting itself, we agreed that our Standard Variable Mortgage rate will be reduced by 0.25% with effect from 1st September (reflecting the recent change in the Bank of England base rate).
Yours in co-operation
David McRiner
Chair
