Research Briefing
The Building Societies Act 1986 (Amendment) Bill is a House of Commons private member’s bill allowing changes to be made to the Building Societies Act 1986 intended to support building societies and align some of their processes with banks. The bill has government and cross-party support.
In Focus
The gambling industry has expanded over recent years and increased attention is being paid to the issue of gambling-related harms and the role that the marketing of gambling services plays in exacerbating them. The House of Lords is due to debate these issues on 25 April 2024.
In Focus
The importance of skills is recognised across the main political parties in the UK. Evidence suggests that greater skill levels benefit the economy as a whole but also provide significant economic and social benefits for the individuals who possess them. The House of Lords is due to debate these issues on 9 May 2024.
In Focus
In 2023 the House of Lords Economic Affairs Committee conducted an inquiry into the Bank of England’s operational independence, 25 years after independence was formalised with the passage of the Bank of England Act 1998. This briefing provides a summary of the committee’s findings and the government’s response, ahead of a debate in the House of Lords on 2 May 2024.
In Focus
The transport system in England consists of many elements, including local roads, the strategic road network, and local and national rail systems. Concern has been expressed by some that England’s transport system outside London is not working as well as it could. The government has published several different strategies to address issues in the transport system, such as its national bus strategy and transport decarbonisation plan.
In Focus
This briefing is the third of a series on the post-war history of the UK economy, focusing on the 1970s. Following a brief economic boom, inflation and unemployment reached post-war highs and the economy entered a prolonged recession, before slowly recovering towards the end of the decade. Despite this volatility, real household incomes grew significantly over the course of the decade.
In Focus
The UK and India have a complex and multifaceted history. In recent years, their relationship has focused on political and economic cooperation. Both countries have agreed to a framework setting out future relations and are currently negotiating a free trade agreement. With India’s next general election scheduled to take place between April and June 2024, this briefing analyses the potential trajectory of UK-India relations.
Research Briefing
The National Insurance Contributions (Reduction in Rates) (No. 2) Bill would implement the national insurance contributions reductions announced by Chancellor Jeremy Hunt in the 2024 spring budget.
In Focus
In the March 2024 budget, the chancellor said that progress was being made towards the prime minister’s economic priorities and that he was therefore able to help households with permanent cuts to taxation. Some of these measures were welcomed. However, commentators noted that taxation was still projected to rise sharply as a share of the economy and that living standards were to be lower at the end of the current parliament than at the start.
In Focus
In 2023, the UK government signed the accession protocol to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). This briefing includes background information on the negotiations for the UK’s membership of the CPTPP prior to a House of Lords debate on the protocol. It also summarises the recommendations of the House of Lords International Agreements Committee on the protocol.
In Focus
The effects of the decline of heavy industries over previous decades continue to shape the economic conditions and challenges faced by many communities across the UK. The government is seeking to address longstanding regional inequalities through its levelling up policy agenda.
In Focus
Economic disparities persist between men and women globally, with women generally facing lower pay, higher levels of informal employment, and more unpaid care work than men. Internationally, the UK government has made commitments to promote gender equality and economic inclusion, but concerns have been raised about the level of aid funding. In the UK, the government has expanded childcare places for working parents and supported private members’ bills to make changes to employment law.
In Focus
The economic output of the UK higher education sector is estimated to be at least £116bn and graduates often experience better employment outcomes than non-graduates. Improving skills features in the government’s levelling up strategy and ministers have said that higher education institutions play a vital part in supporting regional economies. However, some stakeholders have criticised the government’s plans to restrict access to certain higher education courses and for not putting enough emphasis on the benefits provided by the sector.
Research Briefing
The Alternative Investment Fund Designation Bill [HL] is a private member’s bill introduced by Baroness Altmann (Conservative). The bill seeks to exempt listed investment companies from a series of regulatory requirements to disclose certain costs and charges to their clients, on the basis that such costs are already accounted for in those companies’ share price. The Financial Conduct Authority has introduced temporary measures to mitigate this issue and the government has committed to implementing a long-term legislative solution.
Research Briefing
The Employment and Trade Union Rights (Dismissal and Re-engagement) Bill [HL] is a private member’s bill introduced by Lord Woodley (Labour). It aims to tighten the rules around the use of fire and rehire practices by employers, including by providing affected workers with additional protections. The second reading of the bill in the House of Lords is due on 1 March 2024.
Total results (page 10 of 62)