Coronavirus: Support for businesses

In a worst-case scenario, up to one-fifth of UK employees may be absent from work during the coronavirus outbreak. This would have significant economic impacts in the UK. This briefing provides information on the various sources of support for businesses affected. …

Read more

Coronavirus: international dimensions

The Library has published a series of briefings on international dimensions of the coronavirus pandemic since March 2020, ranging from general surveys of its impact on developing countries to assessments of its effects in specific situations. Links to these briefings can be found here.…

Read more

Coronavirus: Support for household finances

This Commons Library briefing paper outlines the measures introduced by the Government, and other authorities, to support household finances during the coronavirus (Covid-19) outbreak.…

Read more

Pension transfer advice

Many people have been given unsuitable financial advice to transfer their valuable Defined Benefit pensions into less suitable and secure Defined Contribution schemes. Poor advice has led to growing compensation payments from the Financial Ombudsman Service and the Financial Services Compensation Scheme. Some have speculated that this issue may represent a large mis-selling scandal, the full scale of which may only come to light in the event of an economic downturn. …

Read more

The UK-EU future relationship negotiations: summary of positions

The tables in this paper provide a summary of the UK and EU positions in the future relationship negotiations, based on their proposed draft treaty texts and other publicly available statements…

Read more

The UK-EU future relationship negotiations: process and issues

The UK and EU begin negotiations over their future relationship this week. This paper outlines the UK and EU’s objectives, the main issues of contention and the process being followed in the negotiations …

Read more

Brexit: a reading list of post-EU Referendum publications by Parliament and the Devolved Assemblies

This reading list brings together briefings on Brexit by the Parliamentary libraries and the Devolved Assembly research services with reports by Parliamentary and Devolved Assembly committees following the result of the EU Referendum on 23 June 2016.…

Read more

Protecting consumers from unfair high-cost credit

High-cost credit covers a range of financial products including bank overdrafts, loans, buy-now-pay-later and rent-to-own. Each product has its own benefits to consumers, but they also carry a risk of consumer harm, especially for vulnerable customers. This harm may include high repayment costs and a greater risk of problem debt. The regulator, the Financial Conduct Authority, has been taking action to reduce this harm and it has ongoing monitoring work in this area.

This briefing describes the action that has been taken over recent years to stop unfair high-cost credit practices and gives information on the support available to those who find themselves in problem debt.…

Read more

Bank branches: why are they closing and what is the impact?

The number of bank branches in the UK roughly halved from 1986 to 2014 and closures are expected to continue. Concerns have been raised about the impacts on vulnerable people, small businesses and the viability of the cash system. While measures are in place to reduce the impact of branch closures, a number of parliamentary committees have concluded that more needs to be done.…

Read more