The bill would provide for the next business rates revaluation to take effect from 1 April 2023. This briefing considers: the background to the bill, including recent government proposals to change the frequency of revaluation; what the bill would do; and what happened to it during its passage through the House of Commons.
Since the passage of the Sanctions and Anti-Money Laundering Act 2018, the Government has been preparing for the UK to implement sanctions once it is no longer covered by the EU’s legal framework. The draft Sanctions (EU Exit) (Consequential Provisions) (Amendment) Regulations 2020 would amend existing sanctions regulations made under the 2018 act to ensure that references in other pieces of primary and secondary legislation are up to date.
Since 2009 the UK bank base rate has been below 1%, and it was cut to 0.1% in March 2020 in response to the coronavirus pandemic. With the economy remaining weak, commentators have debated whether there should be further cuts, taking the interest rate negative for the first time. This article summarises the policy debate.