• In Focus

    Tax implications of corporate profit shifting

    Multinational corporations may use artificial intragroup transfers and other strategies to lower their exposure to corporation tax. Following high profile examples of aggressive tax avoidance, OECD countries including the UK agreed a number of measures to reduce so-called ‘profit shifting’ and increase tax revenues globally. This included a global minimum tax for large corporations. US President Donald Trump has since signalled the US no longer agrees with the latest OECD tax agreement.

  • Research Briefing

    Non-Domestic Rating (Multipliers and Private Schools) Bill: HL Bill 61 of 2024–25

    This government bill would enable changes to the business rates regime. It would allow the introduction of additional business rate multipliers to increase business rates for larger properties and reduce business rates for retail, hospitality and leisure properties, and the removal of charitable rate relief from some private schools that are charities.

  • In Focus

    Economic growth conditions: Discussion and debate

    Economic growth is a consequence of increases in the stocks of labour and capital and the efficiency with which factors of production are used. Economists disagree on the potential to improve conditions for growth. Optimists point to the scope for policy changes in areas such as housing and energy to lift economic growth. Pessimists argue that structural headwinds mean the economy’s weak performance of the last decade-and-a-half will persist. Beyond policy, cultural factors may also play an important role in determining the economy’s growth prospects.

  • In Focus

    Budget tax measures: Context for the UK’s nations and regions

    Tax measures announced in the autumn 2024 budget included reforms to agricultural property relief for inheritance tax, changes to employer national insurance contributions and the extension of VAT to private school fees. This briefing provides some context to assess the potential economic impact of these measures on the nations and regions of the UK.

  • Research Briefing

    Consumer Products (Control of Biocides) Bill [HL]: HL Bill 32 of 2024–25

    The Consumer Products (Control of Biocides) Bill [HL] is a private member’s bill sponsored by Baroness Bennett of Manor Castle (Green Party). It would restrict the use of substances with antimicrobial properties, known as biocides, in cosmetic, personal care and other treated products, for example clothing and period products, subject to certain exemptions. The House of Lords is scheduled to debate the bill at second reading on 17 January 2025.

  • Research Briefing

    Financial Assistance to Ukraine Bill: HL Bill 58 of 2024–25

    The Financial Assistance to Ukraine Bill is a two-clause government bill that would authorise the government to provide loans and other financial assistance to Ukraine resulting from the extraordinary revenue acceleration (ERA) loans agreement made at the meeting of the G7 and the EU in June 2024. It has been designated as a money bill and it completed its House of Commons stages on 18 December 2024 with broad cross-party support.

  • Research Briefing

    Bus Services (No. 2) Bill [HL]: HL Bill 54 of 2024–25

    The Bus Services (No. 2) Bill is a government bill scheduled to have its second reading in the House of Lords on 8 January 2025. It is intended to make it easier for local transport authorities to franchise bus services in their area. It also includes measures on bus data, enforcement powers, accessibility of bus stops, safeguarding checks and training for bus drivers and zero-emissions buses.

  • In Focus

    Are the government’s growth ambitions realisable?

    The government has set out an ambition to raise the growth rate of the UK economy. This briefing looks at how realistic this ambition is. Faster growth in GDP could help deal with some of the economic and social challenges facing the UK. While achieving this goal confronts several structural obstacles, advances in technology and addressing some current obstacles holding back economic activity have the potential to lift the economy onto a higher growth path.

  • In Focus

    The rural economy

    The rural economy in the UK is made up of a variety of different industries, including agriculture and tourism. Rural areas contribute a significant proportion of the UK’s economic output. However, figures for England indicate productivity in rural areas is lower when compared with urban areas. This briefing provides a summary of statistics on the rural economy and outlines some of the challenges for achieving economic growth.

  • In Focus

    UK government policy towards China

    Relations between the UK and China are complex. China is an important trading partner for the UK but its human rights record and global actions attract regular concern and criticism. The Labour government has said that its relationship with China will be based on cooperation, competition and challenge. This briefing looks at the new government’s stance, as well as its position on issues such as Hong Kong, Taiwan and China’s human rights record.

  • In Focus

    Budget 2024: Inheritance tax, family farms and food security

    In the autumn budget the chancellor announced changes to inheritance tax reliefs. From April 2026, taxes would apply to agricultural assets over £1mn (or up to £3mn in certain circumstances). The government has said this would just affect the wealthiest landowners and disincentivise buying agricultural land to avoid tax. Farming groups have argued the policy is a threat to the future of family farming and the UK's food security.

  • In Focus

    Retail crime: Impact on workers, the community and local economies

    Reported retail crime has increased significantly in recent years. This criminal activity, encompassing offences such as shoplifting and assaults on retail workers, has impacted businesses, their employees and local economies. The government has outlined plans to tackle retail crime in response to this issue. This includes legislating to create a new specific offence of assaulting a retail worker and to remove the threshold on so-called “low-value” shoplifting offences.

  • In Focus

    Large language models and generative AI: House of Lords Communications and Digital Committee report

    In February 2024 the House of Lords Communications and Digital Committee published a report on large language models and generative AI. It highlighted the opportunities and risks this technology offers, and recommended actions the government should take to support the market while mitigating risks. The new government has said it will legislate to address safety risks arising from generative AI.

Total results (page 6 of 53)