An overview of the British Parliament
- The impact on growth in the euro area
- An economic slowdown
- Possible solutions
- A decline in interest rates
- A redefinition of the role of the ECB
According to J. Gicquel, the British Parliament (known as Parliament of Westminster) is defined as "the unit formed by the king and his ministers on the one hand, and the two Houses (Communes and Lords) which have sat separately during the 14th century, on the other hand".
The British Parliament draws its origins from Curia (medieval European court). It has transformed across time from primitive forms like Witenagemot, Witan, the "Great Councils" under Guillaume I in 1295 to the creation of a regular British Parliament having the right to fix the tax and representing a royal court of justice. During the 14th and 15th centuries, a distinction was made within this Parliament: the House of Lords (Upper House) and the House of Commons (Lower House) became separate.
The British Constitution, material and flexible, made up of constitutional texts like Magna Carta of 1215 (feudal charter which consigns the sovereign privileges of the monarch), Habeas Corpus of 1679 which ensures the freedom of movement, Bill of Rights of 1689 (act which symbolized the birth of the constitutional law and victory over the royal absolutism), Settlement Act of 1701 (ensured the independence of the judges in relation to the Executive), Reform Act of 1835 (which ensured the vote for all), Parliaments Acts of 1911 and 1949 and the House of Lords Act of 1999 (limit the capacity of the House of Lords), allowed to affirm the sovereignty of the Parliament and its privileged position within the British political institutions.
Tags: Evolution of the British Parliament, House of Lords, House of Commons, Magna Carta