UK General Election 2024

Gov't Floats Draft Proposal For OBR 'Fiscal Lock' Powers

By Josh White

HM Treasury proposals for a new "fiscal lock" in a draft Budget Responsibility Bill will allow the Office for Budget Responsibility to scrutinize any tax-and-spend decisions with a cost factor of 1% of gross domestic product or more.

From Doughty Street To Downing St.: A Look At Starmer's CV

By Christopher Crosby

Keir Starmer's rise to prime minister comes almost 40 years after the new resident of 10 Downing Street began to practice law. Here, Law360 looks back at five notable cases that shaped Starmer's legal career.

UK Gov't Moves Ahead With Accounting Reform Bill

By Alex Davidson

The new Labour Government said on Wednesday that it will push ahead with draft legislation to toughen up regulation of auditors to help to reduce the risk of corporate failures.

Gov't Plans Pensions Bill To Consolidate Retirement Savings

By Martin Croucher

The new Labour government said on Wednesday that it will introduce a new Pensions Schemes Bill that aims to consolidate the cluttered retirement savings sector.

Labour Gov't To Make Fiscal Rules Law, Empower OBR

By Josh White

The new Labour government will legislate to write into law the Treasury's long-held fiscal rules and grant new powers to the Office for Budget Responsibility to scrutinize policy, according to plans confirmed in the King's Speech on Wednesday.

Gov't Sets Out 'Duty Of Candor' Law For Public Officials

By Christopher Crosby

Britain will introduce a legal duty of candor for officials and authorities to prevent perceived cover-ups of public scandals, part of a wider package of legislation that the government said Wednesday it will pursue in the coming parliamentary session.

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