European Parliament approves 5.4% reduction to EU’s 2014 budget

The European Parliament voted today for a 5.4% cut to the EU’s budget in 2014 compared to 2013.

Commenting, Liberal Democrat MEP and Vice-President of the Budget Committee George Lyon said:

“Liberal Democrats understand the need for tight control of spending in these difficult times, and have helped to deliver a 5.4% cut to the EU’s budget for 2014. That’s a bigger cut than the vast majority of European countries will make next year.

“Despite the additional costs of holding the 2014 European Elections, we also achieved a real-terms freeze to the European Parliament’s budget by finding €24.2 million of savings, including to MEP allowances and staff costs.

“This outcome demonstrates our commitment to building a more efficient and streamlined EU.”