Queen’s Speech: New Measures To Restore Economic Stability

09 May 2012 15:30 - Florence Fullalove

    



Queen’s Speech: New Measures To Restore Economic Stability

During the Queen’s Speech today new measures designed to boost economic growth have been outlined. At the ceremony at the House of Lords, the speech promised 19 Government bills in a legislative programme for the coming year which the Queen told MPs would “focus on economic growth, justice and constitutional reforms.” The Queen announced the primary aim of her Government is to “reduce the deficit and restore economic stability.”

The Government has introduced legislative plans to give shareholders more power over executives pay and reform the House of Lords to make it an elected body. Other new bills will seek to cut regulation for businesses. Seeking to safeguard Britain’s’ banks from any repeat of the global economic crisis, the government will introduce a new law that will demand banks separate high street retail operations from riskier investment divisions. New measures also include the criminalisation of driving under the influence of drugs, new measures to make parental leave more flexible and television cameras in courts. In her address the Queen also spoke of reforming electricity markets to ensure fair prices. This will introduce long term contracts that pay a steady rate of return for energy over the lifetime of new low-carbon generators. The Queen also underlined the importance of helping protect the finances of charities, as well as the introduction of legislation that will make sure supermarkets deal fairly with their suppliers. 

 

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Related Links :
UK Parliament - List of Queen's Speeches
Latest News - Regular News Updates
Economic Calendar - Scheduled Economic Events

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