Budget Responsibility Bill receives Royal Assent

Treasury says the bill aims to 'fix the foundations of the economy'

Linus Uhlig
clock • 1 min read
The act 'contains a fiscal lock to ensure that any major future fiscal announcement will be subject to independent assessment'
Image:

The act 'contains a fiscal lock to ensure that any major future fiscal announcement will be subject to independent assessment'

Rachel Reeves’ Budget Responsibility Act has received the Royal Assent, as the government works to express its “commitment to restoring economic stability”, according to the Treasury.

Having outlined the desire to introduce ‘fiscal lock' legislation in the King's Speech in July this year, the act "contains a fiscal lock to ensure that any major future fiscal announcement will be...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

Linus Uhlig
Author spotlight

Linus Uhlig

Linus Uhlig is a senior reporter at Investment Week

More on Law and Regulation

TPR fines Now Pensions and trustee £50,000 each for reporting failures

TPR fines Now Pensions and trustee £50,000 each for reporting failures

Two fines given relating to ‘historic failures’ to report significant communication errors

Jasmine Urquhart
clock 18 July 2025 • 2 min read
Government and industry 'united' in determination to drive returns and boost UK investment

Government and industry 'united' in determination to drive returns and boost UK investment

Reeves said measures in the Pension Schemes Bill will mean larger and more powerful pots of funding invested productively

Professional Pensions
clock 16 July 2025 • 1 min read
AI and cyber risk in pensions: A litigator's perspective

AI and cyber risk in pensions: A litigator's perspective

Chris Edwards-Earl says risks can be managed if they are acknowledged and understood

Chris Edwards-Earl
clock 15 July 2025 • 4 min read
Trustpilot