The Parliament of the United Kingdom of Great Britain and Northern Ireland is the supreme legislative body of the United Kingdom, and may also legislate for the Crown Dependencies and the British Overseas Territories. Since 1999, varying degree of powers have been devolved to the devolved national parliaments of Northern Ireland, Scotland, and Wales. Each devolved parliament has different devolved powers, with Scotland being the most powerful amongst the three devolved parliaments. The central UK Parliament retains the power to legislate in reserved matters, including broadcasting, defence, and currency.
It meets at the Palace of Westminster in London. Parliament possesses legislative supremacy and thereby holds ultimate power over all other political bodies in the United Kingdom and the Overseas Territories. While Parliament is bicameral, it has three parts: the sovereign, the House of Lords, and the House of Commons. The three parts acting together to legislate may be described as the King-in-Parliament. The Crown normally acts on the advice of the prime minister, and the powers of the House of Lords are limited to only delaying legislation.