Monday Finance Bill: On Monday, the Finance Bill progressed through its report and third reading stages in the House of Commons. The bill seeks to formalise the measures introduced in the Autumn Statement by the Chancellor including changes to capital allowances, tax credit schemes, introducing relief for creative industries, increasing tobacco allowances, and measures to … Read more
Rwanda Bill in the Lords On Monday night the government’s draft Rwanda bill passed its first hurdle in the House of Lords – but not without condemnation from many peers. The former Conservative Chancellor Ken Clarke said the bill’s clash with the Supreme Court ruling was a “step too far,” signaling the fundamental shift to … Read more
On Monday the Offshore Petrolium Licencing Bill passed its second reading in the Commons. This bill will allow annual licencing rounds for North Sea oil reserves – however the government itself admits the legislation will not lead to improved energy supplies or lowered energy costs. This bill signals the UK government’s head is still buried … Read more