OpenLegislation

Annex

United Kingdom

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‘ANNEX IA

MEDIUM-TERM FISCAL STRATEGY 2013-16 MEASURES

The additional measures included in the medium-term fiscal strategy (MTFS) through 2016 are the following:

  1. 1..

    Rationalisations in the wage bill by at least EUR 1 110 million in 2013 and by an additional EUR 259 million in 2014.

  2. 2..

    Savings in pensions of at least EUR 4 800 million in 2013 and of an additional EUR 423 million in 2014.

  3. 3..

    Cuts in the State’s operational expenditure by at least EUR 239 million in 2013 and by an additional EUR 285 million in 2014.

  4. 4..

    Savings from rationalisation and efficiency improvements in education-related expenses of at least EUR 86 million in 2013 and of an additional EUR 37 million in 2014.

  5. 5..

    Savings in State-owned enterprises of at least EUR 249 million in 2013 and of an additional EUR 123 million in 2014.

  6. 6..

    Cuts in operational defence-related expenditure producing savings by at least EUR 303 million in 2013 and by an additional EUR 100 million in 2014.

  7. 7..

    Savings in healthcare and pharmaceutical expenditure of at least EUR 455 million in 2013 and of an additional EUR 620 million in 2014.

  8. 8..

    Savings from the rationalisation of social benefits of at least EUR 217 million in 2013 and of an additional EUR 78 million in 2014.

  9. 9..

    Cuts in State transfers to local governments by at least EUR 50 million in 2013 and by an additional EUR 160 million in 2014.

  10. 10..

    Cuts in expenditure by the public investment budget (domestically-financed public investment) by EUR 150 million in 2013 and by an additional 150 million in 2014.

  11. 11..

    An increase in revenues of at least EUR 1 689 million in 2013 and of an additional EUR 1 799 million in 2014.’.