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

View all briefings on business

Economy

View all briefings on economy

Employment

View all briefings on employment

International trade

  • On 24 December 2020, the UK and the EU reached agreement on a Trade and Cooperation Agreement (the TCA) setting out their future relationship. The UK Parliament passed the European Union (Future Relationship) Act 2020 in one day on 30 December 2020. The TCA has been provisionally applied by both parties from 1 January 2021. The House of Lords is due to debate the TCA on 8 January 2021.

  • At the time of publication, the UK and the EU are continuing to negotiate their future relationship. Should a deal be reached, the Government has indicated Parliament would have to pass legislation to implement it. The requirements of the Constitutional Reform and Governance Act 2010 would also need to be met before the UK Government could ratify a treaty. This article looks at the role of the House of Lords in this process.

  • The Trade (Disclosure of Information) Bill would allow Her Majesty’s Revenue and Customs and other public authorities to share data relating to the flow of traffic, goods and services into and out of the UK. The House of Lords is due to consider all stages of this bill on 17 December 2020. The bill essentially replicates some data-sharing provisions from the Trade Bill, currently at report stage in the Lords.

View all briefings on international trade

Transport

  • The House of Lords is due to consider two related statutory instruments on 26 November 2020. Along with a third order, the instruments amend orders from 2019 which made provision for ‘Operation Brock’. This is a planned system to manage heavy commercial vehicle (HCV) traffic in Kent when there are delays in exporting goods from Great Britain (GB) to the EU after the transition period. This article examines what the 2020 orders do and why they are being made.

View all briefings on transport