• In Focus

    Stability in the financial markets: Impact on pensions, mortgages and the rental market

    Volatility in the financial markets can have impacts throughout the financial system. This article looks at the role of the Bank of England in maintaining financial stability and its recent intervention to prevent “dysfunction” in the gilt market from causing “contagion” to credit conditions for UK households and businesses. In particular, the article looks at how recent financial market volatility may have affected pensions, mortgages and the rental market.

  • Research Briefing

    Electronic Trade Documents Bill [HL]: HL Bill 57 of 2022–23

    The Electronic Trade Documents Bill [HL] provides for certain digital trade documents to be put on the same legal footing as their paper counterparts. It implements the recommendations made by the Law Commission in March 2022. The bill was introduced in the House of Lords by Lord Kamall (Conservative) on 12 October 2022. The second reading of the bill is due to take place on 7 November 2022.

  • Research Briefing

    Energy Prices Bill 2022–23

    The Energy Prices Bill would enact several policies the government announced in September 2022 to reduce the cost of energy for consumers. The bill would put in place the ‘energy price guarantee’, which would limit the cost of electricity and gas per unit for domestic consumers. This was initially planned to run for two years, however on 17 October 2022 the government announced it would be reduced to six months. The bill is scheduled to have its second reading in the House of Lords on 19 October 2022.

  • In Focus

    Cost of living: Impact on public wellbeing

    The rising cost of living has been associated with a reduction in wellbeing, including increased anxiety and worsening mental health. Charities and campaign groups have said the impact of increased costs has been worse for households already on lower incomes. Since becoming prime minister, Liz Truss has said the government’s priority is to increase economic growth while announcing at the same time an increase in government support for household energy bills. However, the opposition has said the government has not provided adequate support for households struggling with the rising cost of living.

  • Research Briefing

    Health and Social Care Levy (Repeal) Bill

    The Health and Social Care Levy (Repeal) Bill would repeal the Health and Social Care Levy Act 2021 while maintaining a legislative basis for keeping tax receipts collected under provisions in that act until early November 2022. The House of Commons considered the bill at second reading and all remaining stages on 11 October 2022. The House of Lords is scheduled to similarly consider the bill on 17 October 2022.

  • In Focus

    Effects of corruption in the UK

    Corruption can be defined as dishonest and illegal behaviour by people in positions of power. It threatens national security, reduces access to services, erodes public trust in institutions and impedes investment. Measures of corruption produced by organisations such as Transparency International indicate stability in the UK’s recent global corruption rank. However, anti-corruption experts have pointed to a number of recent scandals which are leading to the perception that corruption in the UK is worsening.

  • In Focus

    Impact of climate change and biodiversity loss on food security

    The world is currently experiencing a food crisis. UK consumers are also facing rapid food price inflation. Both the UK government and international bodies, such as the Intergovernmental Panel on Climate Change, have identified climate change and biodiversity loss as major contributing factors to food insecurity in the UK and around the world. This briefing considers the nature and extent of this impact and government policies to improve UK food security.

  • Current Affairs Digest

    Current Affairs Digest: Social Policy (July 2022)

    Why are childcare costs in the UK so high? This article looks at some of the reasons for the increase in UK childcare costs since 2010, which are among the highest in the OECD. The government has recently announced a consultation on loosening staff to child ratios for childcare providers. However, there has been criticism of the proposals from some parts of the childcare sector.

  • In Focus

    Digital regulation

    The regulatory landscape is evolving to try to keep pace with the emergence of new technologies and online activities. The House of Lords Communications and Digital Committee advocates the creation of a statutory body to coordinate digital regulation and prevent gaps between the responsibilities of different regulators. The government rejects this suggestion but is legislating to give some existing regulators new duties on digital regulation and cooperation with each other.

  • In Focus

    Regulation and practices of private equity

    Private equity takeovers play a significant role in the UK economy. Some have argued that businesses that have been bought by private equity funds have suffered, and that there have been negative impacts on employment and pension schemes. The tax treatment of some elements of private equity has also been criticised. This article provides an overview of private equity, its regulation, and evidence of its impacts.

  • In Focus

    Energy (Oil and Gas) Profits Levy Bill

    The Energy (Oil and Gas) Profits Levy Bill would introduce a new temporary levy on North Sea oil and gas production. It follows a government announcement in late May 2022 that ministers would seek to impose a levy on companies operating in the North Sea to help fund support measures for households facing higher living costs. The House of Lords is expected to consider the bill at second reading and all remaining stages on 13 July 2022.

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