The government has announced that Wednesday’s King’s Speech will be used to put economic growth at the heart of its legislative agenda.
With the speech coming at the State Opening of Parliament on Wednesday, departments across government are working on over 35 bills to deliver on ambitious priorities. These priorities are to be built on foundations of economic security, as this supports growth to improve prosperity around the country.
One bill that will be included in the legislation will aim to enforce tough new spending rules and avoid economic chaos. This will be done by strengthening the role of the Office for Budget Responsibility, ensuring that significant fiscal announcements are scrutinised sufficiently.
Prime Minister Keir Starmer said:
“Our work is urgent. There is no time to waste. We are hitting the ground running by bringing forward the laws we will need to rebuild our country for the long-term – and our ambitious, fully costed agenda is the downpayment to that change.
“From energy, to planning, to unbreakable fiscal rules, my government is serious about delivering the stability that is going to turbocharge growth that will create wealth in every corner of the UK.
“The task of national renewal will not be easy, and this is just the down payment on our plans for the next five years, but the legislation set out at the King’s Speech will build on the momentum of our first days in office and make a difference to the lives of working people.”
A number of measures are being used to deliver growth for communities, including housebuilding, transport improvements, more jobs, and clean energy development. The government has also highlighted that it will be giving more power back to the local leaders who know their areas best.
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