• Research Briefing

    Institute for Apprenticeships and Technical Education (Transfer of Functions etc) Bill [HL]: HL Bill 38 of 2024–25

    The Institute for Apprenticeships and Technical Education (Transfer of Functions etc) Bill [HL] would abolish the IfATE and transfer its functions to the secretary of state. The government has said the bill is a necessary condition for delivering on its 2024 manifesto commitment to establish Skills England as a vehicle for driving growth and opportunity. Skills England is a new arms’ length body of the Department for Education, currently in shadow form.

  • In Focus

    Government climate policy: Economic impact

    The government is committed to reducing greenhouse gas emissions in order to achieve ‘net zero’ emissions by 2050. This 2050 target was introduced by the Conservative government. The current government has announced several policies, including measures intended to increase UK renewable energy production. On 24 October 2024, the House of Lords is scheduled to debate the economic impact of these policies, including their impact on jobs and growth.

  • Research Briefing

    Water (Special Measures) Bill [HL]: HL Bill 17 of 2024–25

    The Water (Special Measures) Bill [HL] is a government bill that would give regulators new powers to regulate the way private water companies operate in England and Wales. This includes the introduction of new penalties for water companies and the power to block executive bonuses. The bill would also make changes to the special administration regime for water companies to ensure the government and regulators were notified ahead of any winding up petitions.

  • Research Briefing

    Product Regulation and Metrology Bill [HL]: HL Bill 18 of 2024–25

    The Product Regulation and Metrology Bill [HL] contains measures seeking to update the UK’s product safety, regulation and metrology framework. The government says the bill aims to ensure the UK is better placed to address modern day safety issues, respond to opportunities that deliver economic growth and to deliver a level playing field for businesses operating online or on the high street.

  • In Focus

    The UK economy in the 1990s

    This briefing is the fifth of a series on the post-war history of the UK economy. The series proceeds decade-by-decade from the 1950s onwards, providing an overview of the key macroeconomic developments of each decade. This fifth briefing looks at the 1990s. In this decade the UK economy settled into a period of low inflation and steady growth; however, living standards growth was lower and more regionally concentrated than in previous decades.

  • Research Briefing

    Budget Responsibility Bill: HL Bill 24 of 2024–25

    The Budget Responsibility Bill would require ministers to request an assessment from the Office for Budget Responsibility (OBR) for every major fiscal announcement and give the OBR the power to decide to publish one if the minister failed to request it. This follows the September 2022 ‘mini-budget’. The statement included plans that would have resulted in a projected £45bn reduction in tax income. It did not have an accompanying OBR assessment.

  • Research Briefing

    Lithium-ion Battery Safety Bill [HL]: HL Bill 8 of 2024–25

    Lithium-ion batteries are the most popular type of rechargeable battery and are used in a wide range of electrical devices worldwide. The Lithium-ion Battery Safety Bill [HL] would provide for regulations concerning the safe storage, use and disposal of such batteries in the UK. The bill is a private member’s bill sponsored by Lord Redesdale (Liberal Democrat). The House of Lords is scheduled to debate the bill at second reading on 6 September 2024.

  • In Focus

    Accountability, independence and performance of UK regulators: House of Lords committee report

    The House of Lords Industry and Regulators Committee published a report in February 2024 examining the accountability, independence and performance of UK regulators. The committee highlighted several issues, including the perceived influence of political factors in the appointment and reappointment of regulatory leaders, rather than suitability for the role. The House of Lords is due to debate the report on 9 September 2024.

  • In Focus

    Trade and commercial opportunities with Africa

    This briefing provides an overview of recent government policy on increasing trade and business opportunities with the African continent. It has been prepared ahead of Lord Popat’s (Conservative) debate scheduled on 12 September 2024 on what steps the government is taking to raise awareness among United Kingdom businesses of commercial opportunities in African markets, and support United Kingdom exports to Africa.

  • Research Briefing

    Bank Resolution (Recapitalisation) Bill [HL]: HL Bill 2 of 2024–25

    The Bank Resolution (Recapitalisation) Bill [HL] was announced as part of the King’s Speech on 17 July 2024. The bill seeks to enhance the UK’s regime for managing bank failures, by allowing the Bank of England to recover the costs associated with recapitalising failing small banks through a levy on the banking sector.

  • In Focus

    The UK economy in the 1980s

    This briefing is the fourth of a series on the post-war history of the UK economy. The series proceeds decade-by-decade from the 1950s onwards, providing an overview of the key macroeconomic developments of each decade. This briefing looks at the 1980s. The decline in the profitability of industry, which began in the 1960s, was reversed in this decade; however, the share of national income received by workers fell to a post-war low.

  • In Focus

    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.

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