OpenLegislation

Division Economic criteria

United Kingdom

Original text. Later amendments are not shown.

  • Step up efforts to safeguard the sustainability of the electricity market, in view of the country's commitments to liberalisation, by eliminating existing distortions due to non-cost-recovery prices and by strengthening the regulatory institutions and the physical infrastructure.

  • Raise the quality of public spending by strengthening the public sector's capacity for medium-term planning and improving the budgetary execution. Continue to improve the quality of education, by providing the follow-up funding for infrastructure and staffing necessary to implement thoroughly recent reforms in the education sector.

  • Continue to improve the labour market performance and to reduce unemployment, in particular by taking additional measures to address youth and long-term unemployment and by modernising the social security and educational system.

  • Continue efforts to integrate the informal sector into the formal economy.

  • Upgrade the country's infrastructure, in particular for energy and transport, in order to strengthen the competitiveness of the economy at large.