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UK Parliament · Bill

British Library Board (Power to Borrow) Act 2021

Summary

This Act gives the British Library legal permission to borrow money (take out loans) to invest in its services and facilities. Previously, the library wasn't allowed to borrow; this law removes that restriction so it can fund projects like building repairs and expanded collections.

A vote to support means

  • Supporting this Act means allowing the British Library to borrow money from the government or banks to fund improvements and maintenance. This helps the library modernize its buildings, buy new resources, and better serve the public without waiting years to save money.

A vote to oppose means

  • Critics might worry that borrowing money creates debt that taxpayers eventually have to repay. Some could argue the government should fund the library directly through taxes instead, or that taking on debt is risky if the library's finances struggle.

Cast Your Vote

People's Vote0 votes
0% Support · 00% Oppose · 0

Bill Passage

Commons

  • 1st reading5 Feb 2020
  • 2nd reading13 Mar 2020
  • Committee stage30 Sept 2020
  • Report stage12 Mar 2021
  • 3rd reading12 Mar 2021

Lords

  • 1st reading12 Mar 2021
  • 2nd reading19 Mar 2021
  • 3rd reading26 Apr 2021
Royal Assent29 Apr 2021
Full Bill Description(click to expand)

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