This Note provides a summary of the reforms recommended in the Turner Review, the European Commission's de Larosiere report, documents produced by the Basel Committee on Banking Supervision and a range of reports produced by the Financial Stability Forum/Financial Stability Board.
This standard note provides an overview of executive compensation in seven of the UK's largest banks. It examines the composition of executive remuneration with a focus on the payment of bonuses and the circumstances in which they are paid
Part 3 of the Health Bill (HL) 2008-09 contains tobacco control provisions designed to protect children and young people from the harm caused by smoking. This paper provides information on current legislation and policy in respect of the display and sale of tobacco products from retail premises and vending machines as well as outlining the changes proposed in the Bill.
This paper covers parts 4 to 8 of the Local Democracy, Economic Development and Construction Bill [HL]. The Bill implements a number of changes in relation to regional and sub-regional economic development and planning, including: an economic assessment duty for local authorities; a new regional strategy process for English regions outside London; new Local Authority Leaders’ Boards to agree the strategy with Regional Development Agencies; provisions for further sub-regional partnerships through Economic Prosperity Boards and Multi-Area Agreements. The Bill also amends the Housing Grants, Construction and Regeneration Act 1996 in relation to construction contracts with the aim of improving cashflow and the adjudication process in the industry.
See also Library Research Paper 09/45, for coverage of parts 1 to 3 of the Bill which relate to community empowerment, housing and Boundary Commission issues.
This historical note examines the difficulty of designing effective tax incentives for small companies, in the context of the four year history of the zero rate of corporation tax, introduced in April 2002.
This note discusses the reforms to taxing small businesses set out in the 2007 Budget - in particular, the phased increase in the small companies tax rate - before looking at the recent change in the Government's approach, signalled in the 2008 Pre-Budget Report.
The global financial crisis has been tumultuous for Iceland. Until recently considered a rich, successful and competitive nation, Iceland suffered a dramatic collapse of its economy and currency following the collapse of its banking sector in October 2008. It was forced to negotiate a loan from the IMF and further financial support from a number of countries, and saw the fall of its government. The crisis has led to renewed suggestions that Iceland may apply to join the EU and adopt the euro. Following the Government's fall in January 2009, a caretaker Government took over in February and elections are expected on 25 April 2009. The major partner in the caretaker left-wing coalition, the Social Democratic Alliance, was a member of the previous administration and is strongly pro-EU, but its new partner, the Left Green Movement, has said it will continue to oppose EU membership.