Woolsack Woolsack The Woolsack is the seat of the Lord Speaker in the House of Lords, the Upper House of the Parliament of the United Kingdom. In the 14th century King Edward III (1327–1377) commanded that his Lord Chancellor whilst in council should sit on a wool bale, now known as "The Woolsack", in order to symbolise the central nature and huge importance of the wool trade to the economy of England in the Middle Ages. Indeed, it was largely to protect the vital English wool trade routes with continental Europe that the Battle of Crécy was fought with the French
Reform of the House of Lords completed a deal with the Lords to remove most of the hereditary Peers and passed the House of Lords Act 1999 leaving amongst the majority of appointed Peers a rump of 92 Hereditary Peers until the second phase of reform was complete. These 92 were elected from within those who had had a right to be members of the House of Lords as a result of their hereditary status. This arrangement was stated to be purely temporary until the second stage of reform was completed. This led to some claims (perhaps not all serious) that the elected Hereditary Lords were