Contribution of sport to society and the economy

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.

Contribution of sport to society and the economy

The impact of gambling marketing

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.

The impact of gambling marketing

Importance of skills: Economic and social benefits

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.

Importance of skills: Economic and social benefits
  • In Focus

    Economic Affairs Committee report: ‘Making an independent Bank of England work better’

    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 UK economy in the 1970s

    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

    Spring budget 2024: Key announcements and analysis

    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.

  • Research Briefing

    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.

  • 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.

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