|Archbishop of Canterbury Rowan Williams addressing the|
House of Lords
The debate in the House of Commons is continuing as I write (at around 3:45pm), and you can tune in live via the BBC website. I'll link to some news articles when they appear later.
Please do share your thoughts in the comments.
Update: As the BHA have just pointed out, these proposals would actually increase the proportion of Bishops in the Lords. Currently there are 26 bishops out of 800 members, which is around 3 per cent, while under the reforms there would be 12 bishops out of 300 members, or 4 per cent.
Here's a report from the BBC, as well as the BHA's reaction to the news.