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UK Economic Policy

HM Treasury-led UK macroeconomic and fiscal policy — covering the Budget, Spending Review, Office for Budget Responsibility forecasts, fiscal rules, Bank of England monetary policy remit, growth strategy, productivity policy, and tax reform. Deliberately broad test of how the index handles a general policy domain rather than a discrete regime.

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2026

28 events
8 May 2026 | Consultation (open) Department for Business and Trade Context · primary home: AI growth zones linked evidence

Invest 2035: the UK's modern industrial strategy

Why linked: Filled the "Growth Strategy and productivity policy documents" gap via web research

Invest 2035 green paper names digital and technologies as a growth-driving sector and provides the Industrial Strategy framing CP 1440 builds on.

In response to: Invest 2035: the UK’s modern industrial strategy

▤ View document · ↗ GOV.UK
6 May 2026 | Research House of Commons Library linked direct

VAT on private school fees

Why linked: Commons Library briefing CBP-10125 on VAT on private school fees — key Finance Bill measure scrutiny.

Type: Commons Briefing Paper (CBP-10125) In the 2024 Autumn Budget the Chancellor announced the introduction of VAT on private school fees from 1 January 2025. This briefing discusses the background to the government's decision and the legislation to bring it …

▤ View document · ↗ GOV.UK · ↓ CBP-10125.pdf
5 May 2026 | Consultation outcome HM Treasury UK Debt Management Office linked direct

Consultation on the UK Treasury bill market

Why linked: HM Treasury / DMO consultation on UK Treasury bill market expansion — direct implementation of Autumn Budget 2025.

HM Treasury and the UK Debt Management Office are consulting on expanding and deepening the UK Treasury bill (T-bill) market, as announced at Autumn Budget 2025. This supports our commitment to maintaining a well-diversified investor base, to enhance the resilience …

▤ View document · ↗ GOV.UK · ↓ The UK Treasury bill market – a consultation do… (27pp)
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↓ The UK Treasury bill market: Consultation response (38pp)
28 Apr 2026 | Research Economic Affairs Committee linked direct

4th Report - Fortifying the fiscal framework

Why linked: Treasury Committee 4th Report 'Fortifying the fiscal framework' — direct committee scrutiny of the regime.

Treasury Committee 4th Report 'Fortifying the fiscal framework' — direct committee scrutiny of the regime.

▤ View document · ↗ GOV.UK
24 Apr 2026 | Other linked direct

A tailored financial reporting regime for small, low-risk bodies would allow for more meaningful reports and free up time for frontline delivery. Financial reporting requirements are disproportionately 2 onerous for smaller, low-risk bodies. The costs of producing and auditing lengthy, overly detailed annual reports and accounts often outweigh the associated accountability benefits. HM Treasury acknowledges that specific requirements, such as lease disclosures, could be simplified. However, i...

Why linked: PAC 77th Report on accountability in small government bodies presses HM Treasury on the PEFA-style accountability framework named in the thread scope.

A tailored financial reporting regime for small, low-risk bodies would allow for more meaningful reports and free up time for frontline delivery. Financial reporting requirements are disproportionately 2 onerous for smaller, low-risk bodies. The costs of producing and auditing lengthy, …

▤ View document · ↗ GOV.UK
16 Apr 2026 | Research House of Commons Library linked direct

Vehicle excise duty and zero emission vehicles

Why linked: Commons Library briefing on VED for zero emission vehicles — Autumn Statement 2022 measure now taking effect.

Type: Commons Briefing Paper (CBP-9690) Zero emission vehicles will begin paying vehicle excise duty from 1 April 2025. The Conservative government announced this policy at Autumn Statement 2022, and the Labour government confirmed it at Autumn Budget 2024.

▤ View document · ↗ GOV.UK · ↓ CBP-9690.pdf
15 Apr 2026 | Research House of Commons Library linked direct

Budget debates and finance bills since 1968

Why linked: Standard Note SN02271 on Budget debates and Finance Bills since 1968 — procedural framework reference.

Type: Standard Note (SN02271) A list of Budget debates and finance bills since 1968 with links to debates and budget resolutions.

▤ View document · ↗ GOV.UK
31 Mar 2026 | Research House of Commons Library linked direct

The Budget and the annual Finance Bill

Why linked: Standard Note SN00813 on the Budget and the annual Finance Bill — Parliament's procedural framework.

Type: Standard Note (SN00813) This briefing examines the way that Parliament scrutinises the Government's proposals for taxation, set out in the annual Budget statement.

▤ View document · ↗ GOV.UK · ↓ SN00813.pdf
30 Mar 2026 | Research Finance Bill Sub-Committee linked direct

Response by HM Treasury to the Inheritance tax measures: unused pension funds and agricultural and business property reliefs report

Why linked: Government response to the Lords Economic Affairs Committee's IHT report — directly engages the Finance Bill IHT measures.

Government response to the Lords Economic Affairs Committee's IHT report — directly engages the Finance Bill IHT measures.

▤ View document · ↗ GOV.UK · ↓ 260327 - XST to EAC FB Sub-Committee on IHT Rep…
25 Mar 2026 | Policy paper HM Treasury linked direct

HM Treasury Women in Finance Annual Review (March 2026)

Why linked: HM Treasury Women in Finance Annual Review (March 2026) — HMT-published policy paper within the financial services remit.

Assessing the progress of the Women in Finance Charter, and reviewing the benefits and challenges experienced by Charter signatories

▤ View document · ↗ GOV.UK · ↓ HM Treasury Women in Finance Annual Review (Mar… (62pp)
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↓ HM Treasury Women in Finance Annual Review (March 2026)
24 Mar 2026 | Research Subsidy Advice Unit linked direct

Report on the proposed ‘Retail, hospitality and leisure business rates multipliers and pubs and live music venues relief’ subsidy scheme by HM Treasury

Why linked: Subsidy Advice Unit report on HMT's RHL business rates and pubs/music venues relief — concrete cross-cutting subsidy control engagement.

The Subsidy Advice Unit (SAU) has published a report providing advice to HM Treasury concerning its proposed ‘Retail, hospitality and leisure business rates multipliers and pubs and live music venues relief’ subsidy scheme.

▤ View document · ↗ GOV.UK · ↓ Final report (19pp)
24 Mar 2026 | Policy paper Cabinet Office HM Treasury linked direct

Cabinet Office and HM Treasury: Small and Medium-Sized Enterprise (SME) Action Plan: 2025 to 2028

Why linked: Cabinet Office and HM Treasury SME Action Plan 2025-2028 — operationalising procurement under the framework.

Cabinet Office and HM Treasury SME Action Plan 2025-2028 — operationalising procurement under the framework.

In response to: Cabinet Office and HM Treasury small and medium-sized enterprise (SME) action plan: 2025 …

▤ View document · ↗ GOV.UK
20 Mar 2026 | Other Competition and Markets Authority linked direct

Referral of the proposed 'Retail, hospitality and leisure business rates multipliers and pubs and live music venues relief' subsidy scheme by HM Treasury

Why linked: Referral of the RHL multipliers and pubs/music venues relief subsidy scheme to SAU — direct subsidy control engagement.

The Subsidy Advice Unit (SAU) has published a report providing advice to HM Treasury (HMT) concerning its proposed 'Retail, hospitality and leisure business rates multipliers and pubs and live music venues relief' subsidy scheme.

▤ View document · ↗ GOV.UK
13 Mar 2026 | Research House of Lords Library linked direct

Spring statement 2026 and Finance (No. 2) Bill: HL Bill 177 of 2024–26

Why linked: Lords Library briefing LLN-2026-0005 on Spring Statement 2026 and Finance (No.2) Bill — independent Lords scrutiny.

Type: Lords Library Note (LLN-2026-0005) The government delivered its spring forecast statement on 3 March 2026, accompanied by the latest Office for Budget Responsibility forecasts for the UK economy. Meanwhile, the House of Commons concluded scrutiny of the Finance (No. …

▤ View document · ↗ GOV.UK · ↓ LLN-2026-0005.pdf
9 Mar 2026 | Policy paper HM Revenue & Customs linked direct

Finance Bill 2025-26: Report Stage

Why linked: Finance Bill 2025-26 Report Stage amendments — most recent Bill stage.

Explanatory Notes and Tax Information and Impact Note for government amendments in Report Stage of Finance Bill 2025-26.

▤ View document · ↗ GOV.UK · ↓ Abolition of Lifetime Allowance — amendment of …
+11 more
↓ Amendment 14 to clause 24: umbrella companies ↓ Amendments 15 to 17 to clause 63: tax to be charged on cert… ↓ Amendments 18 to 20 to clause 64: liability for tax on pens… ↓ Amendments 21 to 30 to clause 65: withholding of benefits a… ↓ Amendments 31 to 33 to clause 66: connected amendments to I… ↓ Amendments 34 to 47 to clause 67: connected amendments to i… ↓ Amendments 48 to 52 to clause 43 and schedule 3: non-reside… ↓ Amendments 54 to 66 to clause 62 and schedule 12: agricultu… ↓ New clause 5: offshore income gains ↓ New clause 6: offshore income gains: savings ↓ New clause 7: Lifetime Allowance abolition — amendment of …
5 Mar 2026 | Research House of Commons Library linked direct

Budget 2025 and Finance (No. 2) Bill 2024-26

Why linked: Commons Library CBP-10420 briefing on Budget 2025 and Finance Bill — independent scrutiny baseline.

Type: Commons Briefing Paper (CBP-10420) The Chancellor presented the 2025 Budget on 26 November. The Finance Bill would enact several tax measures announced in the Budget. The bill's remaining stages will take place on 11 March 2026.

▤ View document · ↗ GOV.UK
4 Mar 2026 | Policy paper Department for Business and Trade Context · primary home: Industrial Strategy Developme… linked evidence

Industrial Strategy

Why linked: Filled the "Growth Strategy and productivity policy documents" gap via web research

Strategy document setting out a new economic approach to backing the UK’s strengths, with ambitious plans for 8 high-growth sectors.

▤ View document · ↗ GOV.UK · ↓ The UK's Modern Industrial Strategy (print-read… (160pp)
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↓ Strategaeth ddiwydiannol fodern y DU (fersiwn print parod) (160pp) ↓ The UK's Modern Industrial Strategy (large-print version) (304pp) ↓ Industrial Strategy Technical Annex (42pp) ↓ Industrial Strategy Technical Annex (large-print version) (76pp) ↓ Industrial Strategy Sector Definitions List
4 Mar 2026 | Other linked direct

On the basis of the Whole of Government Accounts (WGA) for the year ended 31 March 2024, we took evidence from HM Treasury (the Treasury) and from the Ministry of Housing, Communities and Local Government (MHCLG).1

Why linked: Cited by workspace synthesis

On the basis of the Whole of Government Accounts (WGA) for the year ended 31 March 2024, we took evidence from HM Treasury (the Treasury) and from the Ministry of Housing, Communities and Local Government (MHCLG).1 Type: conclusion | Number: …

▤ View document · ↗ GOV.UK
3 Mar 2026 | Research House of Commons Library linked direct

The Office for Budget Responsibility

Why linked: Standard Note SN05657 on the Office for Budget Responsibility — institutional briefing on key framework actor.

Type: Standard Note (SN05657) This briefing explains what the Office for Budget Responsibility is and what it does.

▤ View document · ↗ GOV.UK · ↓ SN05657.pdf
27 Jan 2026 | Announcement Treasury linked direct

Draft Charter for Budget Responsibility: Autumn 2025

Why linked: Matched expansion phrase: Fiscal framework

UIN: HLWS1276 My honourable friend the Minister for Pensions (Torsten Bell MP) has today made the following Written Statement.At Budget 2025 the government strengthened the fiscal framework to deliver on its commitment to hold one major fiscal event per year, …

▤ View document · ↗ GOV.UK · ↓
27 Jan 2026 | Announcement Treasury linked direct

Draft Charter for Budget Responsibility: Autumn 2025

Why linked: WMS laying the Draft Charter for Budget Responsibility Autumn 2025 — the operative update to the framework.

UIN: HCWS1275 At Budget 2025 the government strengthened the fiscal framework to deliver on its commitment to hold one major fiscal event per year, supporting the economy with greater policy certainty. Responding to recommendations made by the IMF, the government …

▤ View document · ↗ GOV.UK · ↓
23 Jan 2026 | Committee sitting HM Revenue & Customs linked direct

Finance Bill 2025-26: Public Bill Committee

Why linked: Finance Bill 2025-26 Public Bill Committee amendments — Bill progress.

Explanatory Notes for government amendments in Public Bill Committee of Finance Bill 2025-26.

▤ View document · ↗ GOV.UK · ↓ Amendments 37 and 38 to clause 13: Enterprise m…
+5 more
↓ Amendments 5 to 8 to Clause 24: Umbrella companies ↓ Amendments 21 to 24 to clause 50 and Schedule 8: Pillar two ↓ Amendments 26 to 28 to clause 100 and Schedule 14: Aggregat… ↓ Amendment 12 to clause 110: Increase to rates of levy ↓ Amendment 15 to clause 146: Rate
5 Jan 2026 | Other HM Revenue & Customs linked direct

Finance Bill 2025-26

Why linked: Finance Bill 2025-26 — vehicle for Autumn Budget 2025 tax measures.

Supporting documents for Finance Bill 2025-26, the vehicle for renewing annual taxes, delivering new tax proposals and maintaining administration of the tax system.

▤ View document · ↗ GOV.UK

2025

26 events
26 Nov 2025 | Consultation outcome HM Revenue & Customs linked direct

Transfer pricing scope and documentation — Summary of responses

Why linked: Transfer pricing scope and documentation consultation outcome — operationalised through Finance Bill 2025-26.

Primary legislation for the ICTS will be included in Finance Bill 2025 to 2026; changes are expected to take effect for accounting periods beginning on or after 1 January 2027.

In response to: Transfer pricing — scope and documentation

▤ View document · ↗ GOV.UK
21 Jul 2025 | Announcement Treasury linked direct

Finance Bill: 2025-26 draft legislation and tax documents

Why linked: Lords WMS equivalent on Finance Bill 2025-26 draft legislation.

UIN: HLWS874 My honourable friend the Exchequer Secretary to the Treasury (James Murray), has today made the following Written Ministerial Statement.The government is committed to engaging with interested groups when developing and legislating tax policy, and we are t...

▤ View document · ↗ GOV.UK · ↓
21 Jul 2025 | Announcement Treasury linked direct

Finance Bill: 2025-26 draft legislation and tax documents

Why linked: WMS announcing publication of draft Finance Bill 2025-26 legislation — the substantive next-cycle fiscal package.

UIN: HCWS875 The government is committed to engaging with interested groups when developing and legislating tax policy, and we are today publishing draft legislation ahead of potential inclusion in the next Finance Bill.This will allow for technical consultation on th...

▤ View document · ↗ GOV.UK · ↓
26 Jun 2025 | Policy paper HM Treasury evidence

Supporting documents for Spending Review 2025

Why linked: Filled the "Departmental Spending Review settlement letters and multi-year envelopes" gap via web research

Supporting documents alongside the main Spending Review 2025 document: distributional analysis, policy costings and data sources.

▤ View document · ↗ GOV.UK · ↓ Impact on households: distributional analysis t… (20pp)
+2 more
↓ Statement of Funding Policy: Funding the Scottish Governmen… (96pp) ↓ Spending Review 2025 unrounded departmental Resource DEL, C…
11 Jun 2025 | Policy paper HM Treasury evidence

Spending Review 2025: Departmental Efficiency Plans

Why linked: Filled the "Spending Review outcomes and departmental spending plans" gap via web research

A supplementary document published alongside the Spending Review 2025, setting out bespoke departmental efficiency targets and delivery plans for each major government department, underpinned by Resource DEL baselines for 2025-26 through 2028-29.

▤ View document · ↗ GOV.UK
19 Mar 2025 | Debate linked direct

Finance Bill

Why linked: Lords Finance Bill second reading debate enacting Budget 2024 measures (non-dom, CGT, EPL, VAT on schools, IHT) — primary operationalising debate.

Second Reading (and remaining stages) 17:48:00 Moved by Lord Livermore: That the Bill be now read a second time. The Financial Secretary to the Treasury (Lord Livermore) (Lab): My Lords, it is a pleasure to open this Second Reading debate …

▤ View document · ↗ GOV.UK · ↓ Download transcript (text)
13 Mar 2025 | Research House of Lords Library linked direct

Finance Bill: Bill 77 of 2024-25

Why linked: Lords Library briefing on Finance Bill 2024-25 — independent Lords scrutiny.

Type: Lords Library Note (LLN-2025-0016) The government introduced the Finance Bill in the House of Lords on 4 March 2025. The House is scheduled to debate the bill at second reading and all remaining stages on 19 March 2025.

▤ View document · ↗ GOV.UK · ↓ LLN-2025-0016.pdf
3 Mar 2025 | Debate linked direct

Finance Bill

Why linked: Commons Finance Bill 2024-25 consideration stage — direct legislative milestone.

Consideration of Bill, n ot amended in the Committee and as amended in the Public Bill Committee [Relevant document: Correspondence between the Joint Committee on Human Rights, the Chancellor of the Exchequer and the Exchequer Secretary to the Treasury, on …

▤ View document · ↗ GOV.UK · ↓ Download transcript (text)
26 Feb 2025 | Policy paper HM Revenue & Customs linked direct

Finance Bill 2024-25: Report Stage

Why linked: Finance Bill 2024-25 Report Stage explanatory notes.

Explanatory Notes for government amendments in Report Stage of Finance Bill 2024-25.

▤ View document · ↗ GOV.UK · ↓ Amendments 1 to 4 to Clause 26: Additional reli…
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↓ Amendments 5 to 8 to Clause 37: Claim for relief on foreign… ↓ Amendments 9 and 10 to Clause 38: Claim for relief on forei… ↓ Amendments 11 to 15 to Clause 39: Claim for relief on forei… ↓ Amendments 16 and 17 and 21 to 27 to Clause 40 and Schedule… ↓ Amendments 18 to 20 to Schedule 3: Decommissioning of carbo… ↓ Amendments 28 to 49 to Schedule 10: Temporary Repatriation … ↓ Amendments 50 to 55 to Schedule 12: Trusts: connected amend… ↓ Amendments 56 to 66 to Schedule 13: Consequential, connecte…
13 Feb 2025 | Announcement Treasury linked direct

The Bank of England and HM Treasury financial relationship

Why linked: WMS HCWS456 (Commons equivalent) on the HMT-Bank financial relationship review.

UIN: HCWS456 I can announce today the conclusion of a Bank of England and HM Treasury 5-yearly review of the Bank’s capital framework parameters, as set out in Section 2B of the Bank and HM Treasury Financial Relationship Memorandum of …

▤ View document · ↗ GOV.UK · ↓
13 Feb 2025 | Announcement Treasury linked direct

The Bank of England and HM Treasury financial relationship

Why linked: WMS HLWS450 announcing conclusion of the 5-yearly Bank capital framework review — direct framework moment.

UIN: HLWS450 My honourable friend the Economic Secretary to the Treasury (Emma Reynolds) has made the following Written Ministerial Statement.I can announce today the conclusion of a Bank of England and HM Treasury 5-yearly review of the Bank’s capital framework …

▤ View document · ↗ GOV.UK · ↓
13 Feb 2025 | Policy paper Bank of England HM Treasury linked direct

Memorandum of Understanding Between HM Treasury and the Bank of England 2025

Why linked: HMT/BoE MoU February 2025 — the operative framework governing the HMT-Bank financial relationship.

HM Treasury and the Bank of England have updated the 2018 Memorandum of Understanding on their financial relationship and published a Joint Statement.

▤ View document · ↗ GOV.UK · ↓ Joint statement on the Bank of England and HM T… (1pp)
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↓ Joint statement on the Bank of England and HM Treasury fina… ↓ Financial relationship between HM Treasury and the Bank of … (19pp) ↓ Financial relationship between HM Treasury and the Bank of …
30 Jan 2025 | Committee sitting Public Bill Committees linked direct

Public Bill Committee: Finance Bill (Third sitting)

Why linked: Public Bill Committee third sitting on Finance Bill 2024-25.

The Committee consisted of the following Members: Chairs: David Mundell, † Valerie Vaz † Ballinger, Alex (Halesowen) (Lab) Blake, Rachel (Cities of London and Westminster) (Lab/Co-op) † Caliskan, Nesil (Barking) (Lab) † Cross, Harriet (Gordon and Buchan) (Con) † Davies, …

▤ View document · ↗ GOV.UK · ↓ Download transcript (text)
22 Jan 2025 | Announcement Treasury linked direct

Charter for Budget Responsibility

Why linked: WMS laying the Charter for Budget Responsibility Autumn 2024 — the statutory instrument of the framework.

UIN: HCWS381 Today I have laid before Parliament the Charter for Budget Responsibility. The Charter sets out the new fiscal framework announced at Autumn Budget 2024. The new fiscal rules will put the public finances on a sustainable path and …

▤ View document · ↗ GOV.UK · ↓

2024

4 events
29 Oct 2024 | Debate linked direct

Fiscal Rules

Why linked: Lords Fiscal Rules statement on 29 October 2024 — the moment the new framework was set out to Parliament.

Lords Chamber debate | Lords

▤ View document · ↗ GOV.UK
28 Oct 2024 | Debate linked direct

Fiscal Rules

Why linked: Commons Fiscal Rules debate 28 October 2024 — companion to the Lords Fiscal Rules statement.

Commons Chamber debate | Commons

▤ View document · ↗ GOV.UK
4 Sep 2024 | Debate linked direct

Budget Responsibility Bill

Why linked: Budget Responsibility Bill 2024 committee stage — the first piece of post-election legislation strengthening OBR powers.

Considered in Committee [Ms Nusrat Ghani in the Chair ] The Chairman of Ways and Means (Ms Ghani): I remind Members that, in Committee, Members should not address the Chair as “Deputy Speaker”. Please use our names when addressing the …

▤ View document · ↗ GOV.UK · ↓ Download transcript (text)

2021

1 event