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.…Read more
Spring Budget 2020 was presented by the Chancellor of the Exchequer to Parliament on 11 March. Once the Chancellor sat down the Office for Budget Responsibility (OBR) published updated forecasts in its Economic and fiscal outlook.…Read more
The Conservative manifesto set out rules for the public finances. Will the Chancellor stick to them?
This briefing sets out the background to Spring Budget 2020 which will take place on 11 March 2020. The Office for Budget Responsibility (OBR) will publish revised forecasts for the economy and public finances on the same day.
This briefing summarises and analyses the Local Government Finance Settlement for 2020-21, set to be debated in the House on Wednesday 12 February 2020.…Read more
This briefing looks at estimates of public spending and revenues in UK countries and regions. …Read more
The new Government inherits a mixed set of public finances. Government debt is high but borrowing is low.…Read more
This briefing looks at how the Barnett formula works and includes a brief summary of the debate surrounding the formula.…Read more
The financial settlement is currently estimated at a cost of around £30 billion to the UK.…Read more
Many challenges and tensions concerning the devolved institutions of Scotland, Wales and Northern Ireland remain unresolved…Read more
This Commons Library research briefing contains a list of commonly-used terms and acronyms that have needed clarification since the United Kingdom voted in the June 2016 EU referendum.…Read more
The UK and EU agreed a revised Political Declaration on the framework for the future UK-EU relationship on 17 October. This Briefing provides an outline of the contents of the Declaration and the key changes in the revised text …Read more
Boris Johnson’s Government have negotiated a new ‘deal’ with the European Union. It is formed of a Political Declaration and a Withdrawal Agreement. This paper focuses on the Withdrawal Agreement and how it compares to the one negotiated by Theresa May’s Government in November 2018.
The main differences are in the Protocol on Ireland/Northern Ireland or the ‘backstop’ as it is commonly known. It contains very different arrangements, the UK will no longer be in a single customs territory or union with the EU. The UK will no longer be legally bound to continue with level playing field commitments at the end of the transition period.
Northern Ireland will still be in the UK’s customs territory and VAT area, however, the region will align with the EU’s rules in these areas. Northern Ireland will remain mostly aligned to the EU’s regulations for goods. Four years after the end of the transition period Northern Ireland’s democratic institutions will vote on whether they wish to continue the arrangements in the Protocol.…Read more
All taxpayers are entitled to receive a personal allowance to set against their income for tax purposes. Individuals aged 65 and over have been entitled to receive an additional allowance; an extra addition has been made for those age 75 and over. This note gives details of the allowance and the Coalition Government’s decision, first announced in Budget 2012, to phase it out from 2013/14.…Read more
This paper provides figures for the number of people claiming unemployment benefits (the “claimant count”) by parliamentary constituency, as well as a summary of the latest labour market statistics for the UK as a whole.…Read more
On Wednesday 4th September the Chancellor will present the conclusions of the 2019 Spending Round to Parliament. This briefing provides background on Spending Reviews and lists the spending commitments that have already been made, as well as covering the fiscal rules that the Chancellor is operating within and showing the recent trends in spending.…Read more