Alternative Investment Fund Designation Bill [HL]: HL Bill 10 of 2023–24

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.

Alternative Investment Fund Designation Bill [HL]: HL Bill 10 of 2023–24
  • In Focus

    The UK economy in the 1960s

    This briefing is the second of a series on the post-war history of the UK economy focusing on the 1960s. GDP growth remained high and fluctuating, as it was in the 1950s, but over the course of the decade household income growth slowed and the profitability of UK industry declined.

  • Current Affairs Digest

    Current Affairs Digest: Economics (December 2023)

    Economic growth has long been assumed to be a desirable objective, for governments of all political persuasions. However, a variety of commentators are making the argument that we need to refresh or even rethink our understanding of growth. This briefing considers three arguments from the contemporary debate around growth. First, the case for a renewed drive for market-led growth. Second, the case for a more state-led and mission-oriented form of growth. And third, the case against growth altogether (degrowth).

  • In Focus

    The UK economy in the 1950s

    This briefing is the first of a series on the post-war history of the UK economy. The series will go decade-by-decade from the 1950s onwards, providing an overview of the key macroeconomic developments of each decade. This first briefing looks at the 1950s. The economy expanded significantly over the course of this decade, fluctuating between periods of high and low growth, generating broad-based real-terms income growth across the country.

  • In Focus

    The UK’s relationship with countries in Latin America

    Countries in Latin America are reported to have remained economically resilient over recent years, during a challenging set of global economic conditions. Nevertheless, growth in the region is expected to remain weak, contributing to a challenging environment for political incumbents. The UK government has stated its intention to increase its engagement with Latin America, strengthen trade and investment relations, and help the region amplify its voice in multilateral forums.

  • In Focus

    Autumn statement 2023: Key announcements and analysis

    The chancellor presented the autumn statement on 22 November 2023. He said that because of difficult decisions he had taken over the last year, he was able to announce tax cuts in support of boosting growth. However, the Office for Budget Responsibility noted that taxation as a share of gross domestic product (GDP) was still predicted to rise in each of the next five years to a post-war high of 38% of GDP in 2028/29. In addition, commentators have expressed concern that the funding for the tax measures has come at the expense of increased pressures on public services.

  • In Focus

    Long-term segregation in mental health hospitals

    The Independent Care (Education) and Treatment Review (IC(E)TR) programme, chaired by Baroness Hollins, reviewed the care and treatment of 191 people who were detained in long-term segregation between November 2019 and March 2023. On 8 November 2023 a report outlining the review’s findings was published highlighting concerns about the practice of long-term segregation, including a lack of therapeutic benefit. The government’s response to the report was published on the same day. This briefing considers the findings ahead of a debate in the House of Lords.

  • In Focus

    King’s Speech 2023: Economic affairs, business and trade

    This briefing considers the current economic situation ahead of the 2023 King’s Speech. It also covers other economy, business and trade-related measures that the government has indicated it may pursue. Such measures include regulatory reform, reforming the way in which building societies can fund themselves, and legislation to implement specific areas of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in UK domestic law.

  • In Focus

    Value added tax (VAT) at 50

    The 50th anniversary of the UK’s value added tax (VAT) occurred on 1 April 2023. VAT was introduced in anticipation of the UK’s entry to the European Economic Community and has since become one of the government’s largest revenue raisers. This article examines the history of VAT and the debate about how it has developed.

  • In Focus

    Climate change-induced migration: UK collaboration with international partners

    Climate change is likely to increase migration flows over the coming decades. Increasingly frequent and severe extreme weather events are expected to increase “forcible displacements”, and the “slow-onset” impacts of climate change are expected to make the hardest hit regions uninhabitable. The UK is involved with several international forums which aim to discuss and cooperate on these issues.

  • In Focus

    The role of nuclear in the UK’s energy supply

    The government has outlined its ambitions to significantly increase the UK’s nuclear power capacity, arguing it is the only reliable energy technology available that is able to provide a baseload level of low-carbon electricity on a large scale. However, such plans have faced criticism, particularly regarding the cost and deliverability challenges associated with large-scale nuclear projects. This article considers the debate around the future of nuclear power ahead of a House of Lords debate on the subject on 7 September 2023.

  • In Focus

    Preparing for climate change

    Climate change is expected to have significant impacts across a range of domestic policy areas. Both the government and the independent Climate Change Committee, a statutory advisory body, agree on the need for significant adaption efforts to mitigate related risks. This summer the government is due to publish the latest edition of its five-yearly national adaption programme. This will detail how it plans to go about addressing climate risks and comes 15 years after the Climate Change Act 2008 became law.

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