Economic policy

This page highlights some of the current parliamentary material available on economic policy. This includes select committee reports, briefing papers on current legislation and other subjects produced by the parliamentary research services, and the latest Early Day Motions put down by MPs.

Commons Briefing Papers

DateDescription
26.08.2016Brexit: impact across policy areas
This paper looks at the current situation in a range of policy areas and considers what impact Brexit might have. This will depend, among other things, on the Brexit negotiations, whether the UK stays in the European Economic Area and how the Government fills any policy gaps left by withdrawal.
25.08.2016Scotland: Public spending and revenue
Public spending and taxation in Scotland was a hotly debated issue in the run up to the Scottish independence referendum, and has remained so since. A range of statistics exist on the subject: this note summarises what these say and how they are measured.
24.08.2016City Deals
This note provides an overview of City Deals, with details on the 30 that have been successfully negotiated since July 2012.
19.08.2016Inflation: Key Economic Indicators
Inflation: Data on both the CPI and RPI inflation indices.
19.08.2016The Office for Budget Responsibility and Charter for Budget Responsibility
This briefing investigates who the Office for Budget Responsibility are and what they do. It also discusses the government's fiscal targets, which are included in the Charter for Budget Responsibility.
19.08.2016Government borrowing, debt and debt interest: statistics
This is a purely statistical note on public sector borrowing (the budget deficit), public sector debt and government debt interest payments.
18.08.2016Inflation: International: Key Economic Indicators
Inflation: International: Harmonised Index of Comsumer Prices data on international inflation rates.
12.08.2016Regional Growth Fund
This note examines the Regional Growth Fund, which is worth over 3.2 billion over the five years from 2011-12 to 2016-17. It is intended to promote the private sector in areas in England most at risk to public sector cuts.
11.08.2016Industrial strategy
Theresa May's Government has adopted a new approach to support for industry. This briefing paper brings together what information has been published describing the new strategy.
05.08.2016Interest Rates and Monetary Policy: Key Economic Indicators
Interest Rates and Monetary Policy: Data on interest rates from the UK, eurozone and the US; a summary of the Bank of England's and international, quantitative easing policy.

Lords Library Notes

DateDescription
12.05.2016Queen's Speech 2016 Day 4: Economic Affairs, Energy, Environment, Local Government and Transport
The House of Lords is due to debate the Queen's Speech over four days between 19 and 25 May 2016. This briefing is one of four prepared by the House of Lords Library to cover the themes of each day of debate.
18.03.20162016 Budget: Overview and Reactions
This Lords Library briefing provides a summary of 2016 Budget announcements and the immediate reaction.
10.11.2015Welfare Reform and Work Bill (HL Bill 69 of 2015-16)
This Library Note provides background reading in advance of the second reading in the House of Lords of the Welfare Reform and Work Bill on 17 November 2015.
21.08.2015Productivity in the United Kingdom and the British Economy Beyond Austerity
This Library Note provides background information on the approach set out in the Conservative Party manifesto to economic and fiscal policy and summarises recent forecasts for the economy. In addition, it provides background information on the UK's productivity performance and summarises the main elements of, and both political and other reaction to, the Government's productivity plan. It has been written to support the debates in the House of Lords on the subjects of the Government's productivity plan and the 'British economy beyond austerity' scheduled to take place on 8 and 10 September 2015, respectively.
16.07.2015Debate on the Budget Statement
This Library Note provides background information on the Budget Statement which was delivered by the Chancellor of the Exchequer, George Osborne, on 8 July 2015. The Note provides a brief overview of some of the key Budget measures, before outlining the immediate reaction to the statement as expressed by members of the House of Commons and by a selection of organisations and commentators. It has been written to support the debate in the House of Lords on this subject scheduled to take place on 21 July 2015.
04.06.2015Cities and Local Government Devolution Bill [HL] (HL Bill 1 of 2015-16)
This Note outlines the proposals for reform of combined authorities and local authorities set out in the Cities and Local Government Devolution Bill [HL].

POSTnotes

DateDescription
24.05.2016Financial Technology (FinTech)
Financial Technology (FinTech) describes the application of digital technology to financial services. This POSTnote reviews how and why FinTech is being used, and the benefits and challenges it presents to the UK.
30.03.2015Measuring Living Standards
This POSTnote outlines different approaches to setting and measuring thresholds and their strengths and limitations. It also summarises research on recent trends in living standards and the key factors that influence them.
08.08.2014Alternative Currencies
This POSTnote outlines the different types and aims of these currencies. It also sets out how alternative currencies are being used and highlights regulatory and policy challenges regarding consumer protection, financial crime and taxation and benefits.
17.09.2012Measuring National Wellbeing
This POSTnote summarises the latest research on measuring national wellbeing, its components and causes, and examines some policy implications.

Select Committee Reports

DateDescription
28.06.2011Rebalancing the economy: trade and investment.
Business, Innovation and Skills Select Committee report [Commons]
20.06.2011Budget 2011.
Government response. Treasury Select Committee; Treasury; Office for Budget Responsibility report [Commons]
14.06.2011Finance Bill 2011.
Economic Affairs Select Committee (HL) report [Lords]
27.04.2011Finance (No.
Treasury Select Committee report [Commons]
16.09.2010Appointment of Robert Chote as Chair of the Office for Budget Responsibility.
Treasury Select Committee report [Commons]

Early Day Motions

DateDescription
12.07.2011BANK OF ENGLAND AND MONEY SUPPLY
That this House notes that commercial banks have arrogated to themselves the right to create almost the entire UK money supply out of nothing in the form of a debt to them whenever ...
20.06.2011ANNIVERSARY OF THE BIRTH OF E F SCHUMACHER
That this House notes the centenary of E F Schumacher's birth on 16 August 2011; recognises his outstanding contribution to economics; calls on the Government to implement his vision ...
20.01.2010PUBLIC EXPENDITURE AND THE DEFICIT
That this House notes that in his interview in the Financial Times of 19 January 2010 the Chancellor of the Exchequer has admitted to a planned policy of 17 per cent. cuts in expenditure ...
19.11.2009PROFESSOR ELINOR OSTROM AND THE 2009 NOBEL PRIZE FOR ECONOMICS
That this House warmly welcomes the award of the 2009 Nobel Prize for Economics in October to the co-operative theorist and researcher, Professor Elinor Ostrom of Indiana University; ...
27.04.2009TAX REVENUE AND PUBLIC EXPENDITURE
That this House notes the real danger the country faces in borrowing relatively more than any other G8 country to balance the national accounts; is concerned that neither the Government ...

Glossary

  • Commons Briefing Papers (CBP) Papers providing in-depth and impartial analysis on every major piece of primary legislation and on other topics of public and parliamentary concern. Regular statistics papers are also published.
  • Early Day Motions (EDMs) - formal motions submitted by MPs in the House of Commons
  • POSTnotes (POST PN) - proactive four-page policy briefings from the Parliamentary Office of Science and Technology based on reviews of the research literature, interviews with stakeholders and peer review, commissioned by the POST Board
  • Lords Library Notes (LLN) - authored publications by the research section of the House of Lords Library that provide analysis of Bills, subjects for debate in the House and other issues of interest to Members.
  • Select Committee Reports - papers produced by all select committees of both Houses