Procurement Bill [HL]
The Procurement Bill is a government bill that has been introduced in the House of Lords. The bill would reform the current rules on public procurement in the UK, much of which are derived from EU law.
![Procurement Bill [HL]](https://lordslibrary.parliament.uk/content/uploads/sites/2/2020/09/Economy-1232x922.png)
This House of Lords Library briefing provides background information in advance of the second reading of the Budget Responsibility and National Audit (Fiscal Mandate) Bill in the House of Lords on Friday 9 September 2016.
Budget Responsibility and National Audit (Fiscal Mandate) Bill (151 KB , PDF)
The Budget Responsibility and National Audit (Fiscal Mandate) Bill [HL] is a private member’s bill introduced by Baroness Kramer (Liberal Democrat). The Bill received its first reading in the House of Lords on 24 May 2016, and is scheduled to have its second reading on 9 September 2016.
The Bill would amend the Budget Responsibility and National Audit Act 2011. The Act provided that the Treasury must prepare a Charter for Budget Responsibility and that the Charter must include a fiscal mandate to show how the Treasury’s objectives, in relation to fiscal policy, would be attained. The Bill contains two clauses. Clause 1 would provide that, in preparing the fiscal mandate under section 1(2)(b) of the Budget Responsibility and National Audit Act 2011, the Treasury must have regard to:
Clause 1 of the Bill would also ensure that, in considering the above provisions, the Treasury “must consult independent experts”. Clause 1 states that the meaning of “infrastructure” would be taken in accordance with section 1(2) of the Infrastructure (Financial Assistance) Act 2012; therefore “water, electricity, gas, telecommunications, sewerage or other services; railway facilities (including rolling stock), roads or other transport facilities; health or educational facilities; court or prison facilities, and housing”. Clause 1 defines the term “intergenerational fairness” as “the overall wealth of future generations”. Clause 2 states that the legislation would be applicable to the whole of the United Kingdom.
Budget Responsibility and National Audit (Fiscal Mandate) Bill (151 KB , PDF)
The Procurement Bill is a government bill that has been introduced in the House of Lords. The bill would reform the current rules on public procurement in the UK, much of which are derived from EU law.
This proposed law seeks to place the UK Infrastructure Bank on a statutory footing, giving it a specific set of powers. The bank is currently operating on an interim basis. Its purpose is to invest in infrastructure projects on behalf of the government and attract private sector funds for the same purpose.
On 25 May 2022, the grand committee of the House of Lords is due to debate the House of Lords Liaison Committee’s report ‘Tackling financial exclusion: A country that works for everyone? Follow-up report’. This report examines the progress made by the government and key stakeholders in implementing the recommendations made in the original 2017 select committee report on financial exclusion. It found that “four years on, financial exclusion is still highly prevalent in the UK”.