In Queen’s speech the UK government focuses on the cost of living crisis

Britain’s Prince Charles, Prince of Wales, sits on The Imperial State Crown in the House of Lords Chamber during the State Opening Ceremony of Parliament.

Ben Stansel | Afp | Getty Images

LONDON – The UK government on Tuesday pledged to focus on economic growth in order to address the country’s revolving cost of living, in a speech to the King’s son and Queen Charles, the first row to the throne.

The Queen’s speech was written by the government and read by the king as part of the official state opening of parliament, the formal opening of each new parliamentary session.

Prince Charles was standing up for 96-year-old Queen Elizabeth II, who was forced to leave the event due to movement issues.

“His Majesty’s priority is to strengthen the economy and reduce the cost of living for families,” Prince Charles told parliament on Tuesday.

“My government will improve opportunities in all parts of the country and support more people going to work. His Majesty’s ministers will continue to support the police in securing the streets and fund the National Health Service to reduce the Govt setback.”

“Leveling up” is the pledge of Prime Minister Boris Johnson’s keynote address, and it refers to efforts to address geographical disparities across the UK.

The government also promised to repeal and reform trade rules following the UK’s exit from the EU, introducing the new Brexit independence bill that would “facilitate the amendment of legislation derived from the EU”.

An energy bill will be introduced with the aim of moving towards “cheaper, cleaner and more secure energy”, while the draft law “Encouraging competition, strengthening consumer rights and protecting families” will be released.

See also  College football scores, schedule, today's games: Nebraska vs. Northwestern's Week 0 action begins

Prince Charles said the government would encourage economic growth “to improve the quality of life and finance sustainable investment in public services.”

“It will be supported by a responsible approach to public funds, reform and debt reduction while reducing taxes,” he added.

On Tuesday, MPs will return to the House of Commons for Johnson’s supplementary report, expanding on legislative announcements included in the Queen’s speech, and debating at 2:30 pm London time.

Reaction

The Confederation of British Industry said on Tuesday that companies expecting the government to tackle the cost-of-living crisis by boosting the economy would be “encouraged” by the announcements.

“Focusing on infrastructure, energy security and capabilities lays the foundation for sustainable, long-term growth. Achieving better, better regulation will ensure that UK finance is at the forefront of the world and keep us at the forefront. Said.

“But with ambition, what is needed now is a relentless focus on delivery. Before the autumn budget, the government should focus on laser opening up the investment needed to grow the economy and tackle the cost of living crisis.”

The resolution, a British think tank focused on improving the living standards of low- and middle-income earners, agreed with the Foundation’s focus on strong economic growth, but said the UK needed a new economic strategy to meet its current challenges.

The think tank points out that economic performance has been poor among developed economies over the past decade, but lags far behind the United States, France and Germany, especially “the UK”.

“Second, the economic stagnation we have experienced has led to a shortfall in real wage growth. Said in a series of tweets.

See also  Stock futures were flat ahead of the key August jobs report

“Third, all of this is a terrible parliament for living standards (measured by actual family spending income), the worst parliament ever recorded. It needs to be changed.”

With the current stagnation, the resolution argued that a new economic strategy was needed to meet the challenges of moving to net zero in the next decade, and suggested that neither the government nor any major political party had yet outlined such an overall strategy.

Leave a Reply

Your email address will not be published.