Research Briefing
King’s Speech 2024: Economic affairs, business and trade
Research briefing setting out the government’s commitments covering economic affairs, business and trade for the House of Lords debate on the 2024 King’s Speech.
Research Briefing
Research briefing setting out the government’s commitments covering economic affairs, business and trade for the House of Lords debate on the 2024 King’s Speech.
Research Briefing
Research briefing setting out the government’s commitments covering transport for the House of Lords debate on the 2024 King’s Speech.
In Focus
This briefing is the fourth of a series on the post-war history of the UK economy. The series proceeds decade-by-decade from the 1950s onwards, providing an overview of the key macroeconomic developments of each decade. This briefing looks at the 1980s. The decline in the profitability of industry, which began in the 1960s, was reversed in this decade; however, the share of national income received by workers fell to a post-war low.
In Focus
Too much sugar in diets can contribute to health issues. Reformulating products, or changing how much sugar is in what people normally eat and drink, means the public do not have to change their habits to eat more healthily. Recent governments have introduced measures to decrease the public’s consumption of sugar, as well as salt and fat. However, some organisations have encouraged the government to go further by creating more mandatory schemes and levies for industry.
In Focus
Members of the House of Lords will ask Foreign Secretary Lord Cameron of Chipping Norton a series of oral questions on 21 May 2024. Topics include the government’s assessment of Israel's compliance with an International Court of Justice order regarding Gaza; the number of vessels transporting Russian oil; the UK’s priorities for cooperation with South Africa after forthcoming elections; and what the UK is doing to address conflict-induced food insecurity.
In Focus
The prime minister’s trade envoys are a network of parliamentarians appointed to engage with countries where the UK government has identified trade and investment opportunities. There were 35 trade envoys covering 58 markets as of 16 May 2024. The government has said trade envoys support the UK’s economic growth by promoting trade in key markets. However, some parliamentarians have sought clarity on aspects of the trade envoy programme.
In Focus
This briefing considers the benefits of sport and physical activity ahead of a House of Lords debate on the subject on 16 May 2024. The government and sports sector stakeholders agree that sport has many benefits for individuals and communities, as well as for the economy more broadly. The government published a new strategy for the sports sector in August 2023. The ambition of the strategy was commended; however, sports charities and the opposition suggested that more was required from the government to deliver on it.
Research Briefing
This private member’s bill would expand eligibility for leave to fathers or partners who experience the death of a child’s mother, adoptive or surrogate parent.
Research Briefing
The Commercial Organisations and Public Authorities Duty (Human Rights and Environment) Bill [HL] is a private member’s bill introduced by Baroness Young of Hornsey (Crossbench). It would place due diligence obligations concerning human rights and the environment on businesses and public sector bodies. The House of Lords is scheduled to debate the bill at second reading on 10 May 2024.
In Focus
In August 2023, the UK government published its ‘border target operating model’ (BTOM), which set out how the UK would gradually introduce full border controls on imports into Great Britain from the EU. The BTOM is being introduced gradually during 2024. The second phase is scheduled to commence on 30 April 2024 and is set to include the introduction of full sanitary and phytosanitary checks on certain goods imported from the EU. This briefing looks at the controls being introduced on 30 April 2024, as well as concerns raised by industries about how the changes could impact EU imports.
In Focus
The government has estimated that 4.3 million children, or 30% of all children in the UK, were living in relative low-income households after housing costs in 2022/23. This represents an increase on the previous year. The government has said unexpectedly high inflation, driven by the war in Ukraine and supply chain challenges, contributed to the rise. It argues that falling inflation, rising real wages and uprated benefits will help low-income households in the year ahead.
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.
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