An overview of how business interruption insurance policies have been interpreted in the context of the coronavirus pandemic.
Documents to download
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Supplementary Estimate and Consolidated Fund (Appropriation) (No 3) Bill: or how the UK banks were rescued. (68 KB, PDF)
At the height of the financial crisis in 2008 the UK government enacted a rescue plan for its major banks that involved billions of pounds. Despite its constitutional role as the approver of spending, Parliament’s immediate role was that of a spectator as successive statements of intent from government were announced but were, initially, not subject to debate or approval. This note highlights the key statement which set out the government’s plan; the immedate cost of the bail out; and the conditions applied to the recipient banks.
Documents to download
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Supplementary Estimate and Consolidated Fund (Appropriation) (No 3) Bill: or how the UK banks were rescued. (68 KB, PDF)
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The European Investment Bank lends to projects that contribute to growth and employment within Europe. This briefing gives a short overview of the Bank's membership and operation, and its future relationship with the UK.
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There is growing concern that the debt collection practices of public sector bodies have fallen behind the standard of regulated creditors in the private sector. Practices have often been criticised as being unfair to the debtor and inefficient, possibly resulting in higher long-term costs to the taxpayer. The impact of the coronavirus pandemic on debts owed to public bodies is not yet known, but it is likely to have led to further indebtedness.
