Cornwall Council's new Cabinet will meet for the first time at County Hall in Truro this morning.
The meeting, which starts at 10am in the Trelawny Room, is the first meeting since the election last month.
The leader of the council, Cllr Leigh Frost, will chair the meeting, which will also see the new portfolio holders introducing themselves.
The agenda includes the Council's performance report for the previous year, and a look at key Government policy and funding announcements affecting Cornwall and Cornwall Council.
You can watch the meeting live via our webcast facility, or follow the live blog below.
9am: Today's meeting will begin at 10am
9.55am: The Trelawny Room is filling up, and the meeting will begin in five minutes.
10am: Cllr Leigh Frost opens the meeting, and welcomes those in the room and those online to the first meeting of the new Cabinet.
10.02am: Cllr Frost is giving his first announcements, and tells the meeting his administration is about change, and that it will begin now. He says there are three major announcements he wants to make.
The first is that he wishes to address a 'lack of accountability' in the relationship between the council and its group of companies - highlighted in the recent appointment of former councillor Louis Gardner to a role at Spaceport - and a review will now be conducted into the relationship.
The other announcements are the stopping of the transfer of 19 council car parks to Corserve, and a halt to the privatisation of Cornwall Airport Newquay.
10.10am: Each Cabinet member is now being given the opportunity to introduced themselves. First to speak is Deputy Leader, Cllr Adam Paynter, who is the portfolio holder for resources.
10.11am: Cllr Dan Rogerson is next, and has the transport portfolio, followed by Cllr Jim McKenna, who is the lead member for adults and social care.
10.13am: Cllr Sarah Preece, the portfolio holder for tourism, localism and planning,
10.17am: Cllr Tim Dwelly, the portfolio holder for economic regeneration and investment, is next to speak. He speaks of the value of scrutiny of the administration, which he says was behind the decision to scrap the privatisation of Cornwall Airport Newquay, while emphasising the administration's determination to grow the site. He also says the council will need to do more in the future with its assets, and will lead the calls for more Government investment in Cornwall once the current Shared Prosperity Fund ends next year.
10.20am: Next to speak is Cllr Hilary Frank, who is portfolio holder for Children and Families, followed by Cllr Peter La Broy, who has the housing portfolio.
10.32am: Cllr Loic Rich addresses the meeting next. He is the portfolio holder for the environment and climate change, and thanks his predecessor Cllr Martyn Alvey, who he says has given up his time in the past two weeks helping to bring him up to speed on some of the issues faced in the area.
10.37am: Cllr Thalia Marrington is next to speak and tells the meeting she got involved in politics after feeling there was a lack of care among politicians, and that she feels positive the new cabinet is driven by people who really care for the people they work for. She is the portfolio holder for community safety and public health.
10.41am: We now move onto questions from the public. The first asks what happens to the money from the sale of council houses and properties. Cllr Peter La Broy responds to say it is used to support existing and new council homes, and that the money is ringfenced so must be used in the housing area.
10.43am: The second question refers to whether the council will undertake a review of contracts undertaken by Cormac to ensure value for money. Cllr Rogerson responds to say Cormac provide great value for money, and are constantly reviewed to ensure they do provide value for money.
10.48am: The next questions refers to plans to remove three tress from a Falmouth street, and asks if the plans will be stopped. Cllr Rich says a meeting is being arranged to talk through the plans, and that there will be no work to remove the trees before any such meeting is held.
10.52am: We now move onto the Council Performance Report for 2024/25, introduced by Cllr Paynter, who tells the meeting the report is focussed on the previous administration's priorities, and that reports produced subsequently will be aligned to the new Cabinet's vision.
11.16am: The report is approved unanimously. We now move onto the provisional Outrun Report, again introduced by Cllr Paynter.
11.20am: Cllr Paynter tells the meeting that the narrative around the council's financial position has not been clear, and that as a large authority with a large amount of assets, the council's debt is a mortgage rather than an overdraft, and that investment for the benefit of Cornwall's residents is vital moving forward.
11.27am: Cllr Rob Parsonage asks the leader what is being done to reduce the council's debt. Cllr Frost responds that the question that needs to be answered is whether the council wants to invest for the people of Cornwall. He says that if the answer is no, they authority could sell its assets and pay off all debts now, but that there would be no investment for the future.
He says it is about value for money, and what the impact is of any investment and whether it will have a positive impact on residents.
He says the administration recognises there is not a limitless pot of money and that there are difficult choices to be made.
11.33am: Cllr Tim Dwelly says that having looked at the figures, the council has £3 billion of assets and £1 billion of debt, and that by utilising those assets, investment is possible without borrowing. The report is supported unanimously.
11.35am: The next report looks at the Government's funding and investment policy announcements since 2024's General Election, and their impact on Cornwall.
Cllr Frost moves the report, which is seconded by Cllr Dwelly.
11.38am: Cllr Rogerson tells the meeting that Cornwall can offer much to the Government, and that it should not be just saying we are disadvantaged, but we should be highlighting where Cornwall can help support the Government's objectives and working together to succeed.
11.48am: Cllr Rich says Cornwall's identity can be a huge advantage, and that when Cornwall has been part of a wider 'south west' group it has missed out on funding where it has previously succeeded on its own. Cllr Parsonage says he supports Cornwall-only devolution fully.
11.53am: The report is noted by the Cabinet, and that concludes today's meeting.