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  • Steel Industry (Nationalisation) Bill: HL Bill 22 of 2026–27

    The Steel Industry (Nationalisation) Bill is a government bill that would provide powers to nationalise a company involved in steel manufacturing where it is in the public interest. It completed its House of Commons stages on 9 June 2026 and is scheduled for second reading in the House of Lords on 16 June 2026. The government has explained the bill is being fast-tracked as it believes it is necessary to safeguard the future of the UK steel industry. It says this is important for the UK economy, national security and critical infrastructure.

    Steel Industry (Nationalisation) Bill: HL Bill 22 of 2026–27

  • Commercial Payments Bill [HL]: HL Bill 4 of 2026–27

    The Commercial Payments Bill seeks to tackle late payments to small businesses, estimated to affect 44% of invoices. It would impose minimum payment periods for invoices, prohibit the use of retentions in construction contracts and provide the small business commissioner with greater powers. The bill was introduced in the House of Lords on 19 May 2026 and is due to receive its second reading on 9 June 2026.

    Commercial Payments Bill [HL]: HL Bill 4 of 2026–27

  • Financial Services and Markets Bill [HL]: HL Bill 5 of 2026–27

    The Financial Services and Markets Bill [HL] is a government bill that would make reforms to several areas of financial regulation, including reforms to the Financial Ombudsman Service, abolishing the Payment Systems Regulator, introducing a ‘provisional licences’ authorisation scheme, and making reforms to the UK’s bank ring-fencing regime. Its second reading in the House of Lords is scheduled to take place on 8 June 2026.

    Financial Services and Markets Bill [HL]: HL Bill 5 of 2026–27