Economy and business by topic
Economy and business includes the following topic areas. Please click the links to access lists of publications by topic:
Business
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Fashion retail: Time for a new look?
As part of measures to reduce the spread of coronavirus, many retail outlets were closed for long periods during 2020. In conjunction with changes in consumer behaviour resulting from reduced socialising and travel, this had a big impact on the global fashion industry. There are concerns about job losses in clothing stores and in the supply chain as a result of these changes. But ahead of London fashion week this month, people are also asking if this is an opportunity for the fashion industry to make permanent changes to how it operates, for the good of both people and the planet.
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Current Affairs Digest: Economics (February 2021)
Catch up on the world of economics with a selection of articles you may have missed. This month we take a look at whether the state should take equity shares in private companies needing support through the pandemic.
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National Security and Investment Bill: Briefing for Lords Stages
The aim of the National Security and Investment Bill is to reform how inward investment in the UK is investigated to ensure hostile governments or other entities do not use this to undermine the UK’s national security. The second reading of the bill is scheduled to take place in the House of Lords on 4 February 2021. This briefing provides a summary of the bill and its passage through the House of Commons.
Economy
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Current Affairs Digest: Economics (February 2021)
Catch up on the world of economics with a selection of articles you may have missed. This month we take a look at whether the state should take equity shares in private companies needing support through the pandemic.
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National insurance rates, limits and thresholds for 2021/22
The draft Social Security (Contributions) (Rates, Limits and Thresholds Amendments and National Insurance Funds Payments) Regulations 2021 would set the national insurance contributions rates, limits and thresholds for the upcoming 2021/22 tax year. They must be approved by both Houses of Parliament before becoming law. The House of Lords is due to debate the regulations on 8 February 2021.
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National Security and Investment Bill: Briefing for Lords Stages
The aim of the National Security and Investment Bill is to reform how inward investment in the UK is investigated to ensure hostile governments or other entities do not use this to undermine the UK’s national security. The second reading of the bill is scheduled to take place in the House of Lords on 4 February 2021. This briefing provides a summary of the bill and its passage through the House of Commons.
Employment
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Fashion retail: Time for a new look?
As part of measures to reduce the spread of coronavirus, many retail outlets were closed for long periods during 2020. In conjunction with changes in consumer behaviour resulting from reduced socialising and travel, this had a big impact on the global fashion industry. There are concerns about job losses in clothing stores and in the supply chain as a result of these changes. But ahead of London fashion week this month, people are also asking if this is an opportunity for the fashion industry to make permanent changes to how it operates, for the good of both people and the planet.
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Mesothelioma and pneumoconiosis: Uprating compensation payment rates
Mesothelioma and pneumoconiosis are diseases primarily affecting industrial and construction workers. Sufferers are eligible for government compensation schemes if they cannot claim civil damages against their employers. Two sets of regulations would increase the amounts payable by 0.5 percent from 1 April 2021, in line with inflation and the uprating being applied to other disability benefits.
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Intergenerational Fairness and Provision Committee report
The House of Lords will soon debate a report by the former Intergenerational Fairness and Provision Committee. Now dissolved, this special inquiry committee published a report on tackling intergenerational unfairness in April 2019. It alleged that the “action and inaction” of successive governments had risked undermining fairness between generations and called for improvements in six areas to tackle this: accounting for policies and data; housing; education; work; communities; and tax and benefits.
International trade
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UK-Kenya Economic Partnership Agreement
On 2 March 2021, the House of Lords is due to take note of the UK-Kenya Economic Partnership Agreement. The agreement would set out the UK and Kenya’s future trading relationship. This article considers the details of the agreement, as well as scrutiny it has received from the House of Lords International Agreements Committee.
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Fast tracked planning permission to use land as temporary inland border facilities
The Town and Country Planning (Border Facilities and Infrastructure) (EU Exit) (England) Special Development Order 2020 (SI 2020/928) has sped up the planning process for land to be used as inland border facilities in specified areas of England. The Government stated this is necessary due to the increased border control measures needed now the UK has left the EU. On 11 February 2021, the House of Lords will debate a motion ‘regretting’ the legislation.
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National Security and Investment Bill: Briefing for Lords Stages
The aim of the National Security and Investment Bill is to reform how inward investment in the UK is investigated to ensure hostile governments or other entities do not use this to undermine the UK’s national security. The second reading of the bill is scheduled to take place in the House of Lords on 4 February 2021. This briefing provides a summary of the bill and its passage through the House of Commons.
Transport
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Fast tracked planning permission to use land as temporary inland border facilities
The Town and Country Planning (Border Facilities and Infrastructure) (EU Exit) (England) Special Development Order 2020 (SI 2020/928) has sped up the planning process for land to be used as inland border facilities in specified areas of England. The Government stated this is necessary due to the increased border control measures needed now the UK has left the EU. On 11 February 2021, the House of Lords will debate a motion ‘regretting’ the legislation.
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Current Affairs Digest: Science (December 2020)
Catch up on articles from the world of science you may have missed from October and November 2020. This month we take a look at the new Hyperloop transport system, and the recent discovery of water on the moon.
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Funding roads: Coming full circle?
One hundred years after the Roads Act 1920 was passed, this article looks at its link to vehicle excise duty and funding for road building and maintenance today.
