An important role of a professional membership organisation (Society, Institute, Association, Federation etc.) is to champion a profession and represent interests of members. To do this effectively, SBID members are invited to singly submit their views on industry issues that should be addressed. As the interior design industry representative at the House of Commons & House of Lords (government) and at the Bank of England (finance) collectively we challenge and represent our members interest.
Interior design practice was represented by Vanessa Brady, a regular campaigner in business for industry change at House of Commons, House of Lords and the Bank of England Threadneedle Street. Various lobby groups have been publicly promoted and monitored through the SBID website to encourage greater feedback from our members and to encourage industry activity.
British parliament operates as a business through a long history of governance.
The second annual International Design Awards were held at the House of Lords in 2012 and has invited SBID to also host the 2013 pre-awards ceremony including a full tour of the House of Lords.
House of Commons
The UK public elects 650 Members of Parliament (MPs) to represent their interests and concerns in the House of Commons. MPs consider and propose new laws, and can scrutinise government policies by asking ministers questions about current issues either in the Commons Chamber or in Committees. House of Commons policies include Freedom of Information, Data Protection and the House of Commons Single Equality Scheme. The House of Commons sets the business rules for Britain.
House of Lords
The House of Lords administration provides the advice and services that enable the House and its Members to carry out their parliamentary functions effectively. The House Committee, the House of Lords Management Board and the Clerk of the Parliaments’ Office have strategic responsibility for operating and delivering corporate and parliamentary services in the House of Lords. It is responsible for advising on parliamentary procedure and is politically impartial. It also performs a range of corporate functions, from finance and security.
One of the Bank of England’s two core purposes is monetary stability. Monetary stability means stable prices – low inflation – and confidence in the currency. Stable prices are defined by the Government’s inflation target, which the Bank seeks to meet through the decisions taken by the Monetary Policy Committee. The Committee invites representation from industry through a single representative of all influential business sectors and professions.
SBID is extremely proud to be not only the first but the sole representative of the interior design industry. The aim is to represent current market conditions by consulting members twice annually on up-to-date risks and threats of the interior design industry and reporting directly to the Bank of England at two meetings p.a. this shared data helps the Bank of England compare the data received from the Banks with industry, this important feedback is used by the interest monetary committee among nineteen other industry representatives to determine the countries industry output and assists in the statistics that set the Bank of England’s lending interest rate.
A principal objective of any central bank is to safeguard the value of the currency in terms of what it will purchase. Rising prices – inflation – reduces the value of money. Monetary policy is directed to achieving this objective and providing a framework for non-inflationary economic growth. As in most other developed countries, monetary policy usually operates in the UK through influencing the price at which money is lent – the interest rate. However, in March 2009 the Bank’s Monetary Policy Committee announced that in addition to setting Bank Rate, it would start to inject money directly into the economy by purchasing assets – often known as quantitative easing. This means that the instrument of monetary policy shifts towards the quantity of money provided rather than the price at which the Bank lends or borrows money.
In 2009 Vanessa Brady was invited to represent interior design and through SBID members also represents the industry.
// Watch the monthly newsletters for regular questionnaires – your feedback reaches the correct desks that influence your industry.
Take control and direct your business…