In Focus
In April 2020, the House of Lords Economic Affairs Finance Bill Sub-Committee published the ‘Off-Payroll Working: Treating People Fairly’ report. This made several recommendations to the Government, including considering alternative options to the off-payroll working rules. The House of Lords is scheduled to consider the report and recent developments on 27 April 2022.
In Focus
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
In July 2020, the House of Lords Economic Affairs Committee published a report on universal credit. It concluded that although the original aims and objectives of the benefit remained broadly correct, the system required substantial reform as its current design was causing harm to many claimants. The Government subsequently rejected most of the committee’s recommendations. The House of Lords will soon debate the committee’s report.
In Focus
The Government has introduced regulations that would allow the Certification Officer, which regulates trade unions and employers’ associations, to charge a levy to fund its work. A second set of regulations would give the post holder powers to impose financial penalties on relevant bodies for non-compliance with statutory requirements. The Labour Party opposed the proposals in the House of Commons on the grounds they would harm trade unions and workers’ rights.
In Focus
Recent labour market figures show a record number of job vacancies and increased economic activity in the UK. It has been suggested that one reason for this could be that older workers are leaving the workforce at a higher rate than before. This article considers how the pandemic has impacted older workers and what actions the Government has taken.
In Focus
Between 12 July and 31 October 2021, the Government temporarily relaxed the enforcement of retained EU law that sets the driving time limits and rest patterns of heavy goods vehicle drivers. This was in response to disruption caused by the HGV driver shortage and the Covid-19 pandemic, amongst other things. The Drivers’ Hours and Tachographs (Temporary Exceptions) (No. 4) Regulations 2021 extends this temporary relaxation from 1 November 2021 until 11.59pm on 9 January 2022. On 6 December 2021, the House of Lords will debate a motion to annul this instrument.
Current Affairs Digest
Catch up on developments in economics with a selection of articles you may have missed. This month we take a look at unemployment benefits in recessions, and green initiatives in public finance.
In Focus
In July 2021, the Social Mobility Commission published its annual state of the nation report. It warned that the UK has struggled with the “damaging impact” of Covid-19 and as a result social mobility which is “already stagnant” could move backwards. This article considers the findings of the report and the Government’s policy on social mobility.
In Focus
World Menopause Day is held on 18 October every year. The International Menopause Society has said that the purpose of the day is to “raise awareness of the menopause and the support options available for improving health and wellbeing”. This article focuses on the impact it can have on the working lives of women and others who experience menopausal symptoms.
In Focus
The Chancellor of the Exchequer, Rishi Sunak, delivered the second budget of the year on 27 October 2021. It set out the Government’s plans to “build back better”. He also announced the results of a spending review, setting departmental spending totals for 2022/23 to 2024/25. Overall spending will increase, with a large proportion of the increase going to the NHS. The Office for Budget Responsibility also published its latest forecasts for the economy and the public finances. They showed improvements from its previous, March 2021, forecasts.
In Focus
The UK, alongside other countries, is currently experiencing a shortage of HGV drivers. This has caused some UK supply chain issues, including the fuel shortage at the start of October 2021. The Government has laid out several actions to address the shortage, which have been met with mixed responses.
Research Briefing
The bill would provide for a new tax dedicated to helping fund the Government’s plans for health and social care, with proceeds ringfenced for this purpose. The tax would be collected from April 2022. The House of Commons has passed the bill and there are limitations on the powers of the House of Lords to amend or reject the measure. The House of Lords is scheduled to debate the bill at second reading and remaining stages on 11 October 2021.
In Focus
In November 2020, the House of Lords Communications and Digital Committee published a report on the future of UK journalism. It made several recommendations, including that the Government should improve regulation of the online advertising market. The House of Lords is scheduled to debate the report on 13 October 2021.
Research Briefing
The bill would introduce national insurance relief schemes for employers based in freeport tax sites, as well as for employers of ex-service personnel. The bill also makes other provisions around national insurance. This briefing considers: the background to the bill; what it would do and what happened during its passage through the House of Commons.
In Focus
Unlike the gender pay gap, there is no legal requirement for companies to publish their ethnicity pay gap. A recent report by the Commission for Race and Ethnic Disparities recommended that the practice remain voluntary due to a lack of diversity in some parts of the country. A coalition of workers’ groups have called for ethnicity pay gap reporting to be made mandatory so employers can better address pay disparities.
Total results (page 6 of 14)