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 acts enable the Commons (in exceptional circumstance) to pass legislation without approval from the Lords but subject to certain time delays. In effect, they give the House of Lords the power to delay legislation but not to prevent it. Since 1911 there have been various attempts to reform the Lords, but none tackled the powers of the House except the Parliament Act 1949 which reduced the suspensory veto to two sessions and one year. By the time of the 1997 general election there was still no consensus on comprehensive reform of the upper chamber of Parliaments. In 1999, the Government