• In Focus

    National Insurance Contributions (Increase of Thresholds) Bill

    The National Insurance Contributions (Increase of Thresholds) Bill is being fast tracked through Parliament to implement increases to national insurance thresholds announced in the March 2022 spring statement. There was broad cross-party support for the bill when it completed all its House of Commons stages on 24 March 2022. However, opposition MPs criticised the spring statement for not providing enough targeted support to those on low incomes affected by the rising cost of living.

  • In Focus

    Spring statement 2022: key announcements and analysis

    The Chancellor of the Exchequer, Rishi Sunak, presented the 2022 spring statement to the House of Commons on 23 March 2022. He said the measures in the statement would support the British people in dealing with rising costs of living. He announced some changes to the tax system and new spending commitments. Alongside the statement, the Office for Budget Responsibility (OBR) published revised forecasts for the economy and the public finances.

  • In Focus

    Pension Schemes (Conversion of Guaranteed Minimum Pensions) Bill

    The Pension Schemes (Conversion of Guaranteed Minimum Pensions) Bill is a private member’s bill introduced into the House of Commons by Margaret Ferrier (Independent MP for Rutherglen and Hamilton West). It aims to clarify how occupational pension schemes can convert historic rights to certain pension entitlements into current scheme benefits. In the House of Commons stages both the Government and the Opposition supported the bill.

  • Research Briefing

    Economic Crime (Transparency and Enforcement) Bill

    The Economic Crime (Transparency and Enforcement) Bill is a government bill that is being fast-tracked through Parliament. It completed its second reading and remaining stages in the House of Commons on 7 March 2022. The bill would make provision in three areas: part 1 would introduce a register of the beneficial owners of overseas entities that owned land in the UK; part 2 would make changes to strengthen unexplained wealth orders; and part 3 would make changes to sanctions legislation to help deter and prevent breaches of financial sanctions.

  • In Focus

    Ukraine sanctions and the Swift system

    There has been extended debate on whether Russia should be banned from the international Swift system as part of the package of economic sanctions following its invasion of Ukraine. On 26 February 2022, the international community announced that selected Russian banks would be barred. This article looks at what Swift is, why it is significant and whether a ban would be likely to achieve its intended effect of restricting the Russian economy.

  • In Focus

    Impact of the Protocol on Ireland/Northern Ireland on recent political developments in Northern Ireland

    Amid ongoing objections to the protocol from unionist parties, Northern Ireland’s First Minister recently resigned. This followed an attempt by the Minister for Agriculture, currently subject to legal challenge, to halt checks required by the protocol on goods arriving in Northern Ireland from Great Britain. This article considers the Government’s assessment of the protocol’s impact on recent political developments in Northern Ireland ahead of a debate in the House of Lords.

  • In Focus

    Finance (No. 2) Bill

    The Finance (No. 2) Bill is a government bill intended to give lasting statutory effect to tax measures announced both in the October 2021 budget and more recently. The bill underwent a series of changes during its passage through the House of Commons. This briefing summarises these developments and also some of the criticism of the bill’s objectives from the House of Lords Economic Affairs Finance Bill Sub-Committee.

  • Research Briefing

    Rising Household Energy Costs and Consumer Protection

    Energy bills in the UK are predicted to rise considerably over the next year. This is due to issues that have increased wholesale energy costs and have subsequently put a number of energy suppliers out of business. This briefing outlines these issues and considers the potential impact of increasing energy bills on UK households and how the consumer protection regulatory regime has responded.

  • Research Briefing

    Subsidy Control Bill

    The bill would establish a new domestic subsidy control regime following the UK’s departure from the EU. It sets out principles and other requirements for public authorities to comply with when giving subsidies, as well as oversight and enforcement mechanisms. The bill is due to have its second reading in the House of Lords on 19 January 2022.

  • In Focus

    Rising energy costs: the impact on households, pensioners and those on low incomes

    Energy bills in the UK are predicted to rise considerably over the next year. This is due to issues that have increased wholesale energy costs and have subsequently put a number of energy suppliers out of business. This article outlines these issues and considers the potential impact of increasing energy bills on UK households, particularly on pensioners and those on lower incomes.

  • In Focus

    Coronavirus: business loans and the public finances

    The Government has provided over £200 billion of loans, guarantees and insurance cover to private sector firms during the coronavirus pandemic. These affect government borrowing and debt in different ways, depending on the design of the schemes. This article explores how each scheme is treated in the public finances and how much they are expected to cost.

  • Research Briefing

    International Development Strategy

    On 16 December 2021, the House of Lords is due to debate a motion moved by Lord McConnell of Glenscorrodale (Labour) that “this House takes note of the plans by Her Majesty’s Government to announce a new international development strategy for the United Kingdom in 2022”.

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