Economic Affairs Committee
The Economic Affairs Committee is one of the five permanent investigative committees in the House of Lords and is charged with considering economic affairs.
The Committee examines the operation of the Monetary Policy Committee of the Bank of England as well as other macroeconomic issues and more specific economic topics.
The Committee’s main function is to examine matters within its remit with which Parliament ought to be concerned, and to report to the House of Lords with recommendations for government action. Each inquiry leads to a report, published together with the evidence on which it is based, setting out the Committee’s findings and making recommendations to the Government and others.
The Committee is usually made up of thirteen members, appointed by the House for each Session of Parliament.
Written evidence | Uncorrected Oral Evidence | Corrected Oral Evidence | Finance Bill Sub-Committee
Latest news
New inquiry into Private Finance Projects and off-balance sheet debt
The Committee has announced that it is to conduct an inquiry into private finance arrangements for funding public sector infrastructure and other capital projects, and has issued a call for written evidence on the issues the Committee will be investigating. The deadline for receipt of written submissions is 25 September 2009.
Banking Supervision and Regulation
The Government's Response to the report on Banking Supervision and Regulation was published on 22 September 2009.
The Committee published its report on 'Banking Supervision and Regulation' on Tuesday 2 June 2009.
Renewable Energy Report debated
The House of Lords debated the Committee's report on the Economics of Renewable Energy on Tuesday 24 February.
Government responds to Committee Renewable Energy report
The Committee published the Government's response to its report, The Economics of Renewable Energy, on Monday 16 February 2009.
Chancellor appears before Committee
The Committee heard evidence from the Chancellor of the Exchequer, Alistair Darling MP, on Tuesday 3 February 2009, in an evidence session that covered a broad range of issues relating to the British economy.
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Current Inquiries
Banking Supervision and Regulation
Following the recent turmoil in the banking system, the Committee has launched an inquiry into banking supervision and regulation. The Committee looked at how banking is regulated in the UK and will sought to identify what improvements may be needed.
Recent Inquiries and Reports
The Economics of Renewable Energy. The Report was published on 25th November 2008 (4th Report, HL Paper 195)
Apprenticeship: Recent Developments. The Report was published on 10 July 2008 (3rd Report, HL Paper 137)
The Finance Bill 2008. The Report was published on 12 June 2008 (2nd Report, HL Paper 117)
The Economic Impact of Immigration. The Report was published on 1 April 2008 (1st Report, HL Paper 82)
Government Response to Economic Impact of Immigration (PDF) report published 11 June 2008
Lords Hansard: Immigration report - debated 14 November 2008
Apprenticeship: a key route to skills. The Report was published on 20 July 2007 (5th Report, HL Paper 138)
Government Response to the Committee's Report 'Apprenticeship: a key route to skills, published October 2007
The Finance Bill 2007. The Report was published on 20 June 2007 (4th Report, HL Paper 121)
Government Response to the Current State of Monetary Policy. The Report was published on 10 May 2007 (3rd Report, HL Paper 97)
The Impact of Economic Sanctions. The Report was published on 9 May 2007 (2nd Report, HL Paper 96)
