The Finance Bill is a government bill intended to give lasting statutory effect to the tax measures announced in the November 2022 autumn statement. The bill completed its passage through the House of Commons, unamended, on 30 November 2022 and was introduced in the House of Lords on 1 December 2022. A second reading debate is due to take place in the House of Lords on 20 December 2022.
Finance Bill 2022-23 (193KB PDF)
The chancellor of the exchequer, Jeremy Hunt, presented the autumn statement to the House of Commons on 17 November 2022, outlining the government’s plans for public spending and taxation over the coming years. The Finance Bill seeks to enact key tax measures announced in the statement.
The bill was introduced in the House of Commons on 22 November 2022 and passed its remaining stages, unamended, on 30 November. The bill was introduced in the House of Lords on 1 December 2022 and the second reading is due to take place on 20 December 2022.
Due to the ‘financial privilege’ of the House of Commons, the House of Lords is unable to amend finance bills. Following the second reading debate the later stages of the bill will go through formally without debate.
Finance Bill 2022-23 (193KB PDF)
The Sovereign Grant Bill is a government bill which would amend how the sovereign grant is set. This is a grant paid to the King to support the work of the sovereign. The bill would enable the size of the sovereign grant to be reduced following the completion of a 10-year works project on Buckingham Palace. The bill received cross-party support and was not amended in the House of Commons.
The Financial Services and Markets Bill [HL] is a wide-ranging bill that aims to reform the way the UK financial services sector is regulated. This briefing provides a summary of the bill’s second reading and committee stage in the House of Lords ahead of its further consideration at report.
![Financial Services and Markets Bill [HL]: Progress in the Lords](https://lordslibrary-parliament.studio24.dev/content/uploads/sites/2/2020/09/Economy-568x426.png)
The Taxation (Energy and Vehicles) Bill is a money bill that would implement three tax measures as part of the government’s package of support to tackle increased energy prices. The bill would increase the electricity generator levy, increase the rate of tax-free mileage allowance for employees, and provide a 12-month vehicle excise duty exemption for HGVs.
