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 by Prince Charles, the king’s son and first in line 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 to keep the streets safe 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 a new Brexit independence bill that would “facilitate the amendment of legacy law inherited from the EU”.

An energy bill aimed at transforming it into “cheaper, cleaner and more secure energy” will be introduced, while a draft law “On promoting competition, strengthening consumer rights and protecting families” will be released.

Prince Charles said the government would stimulate economic growth “to improve the quality of life and to 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, expand on legislative announcements included in the Queen’s speech, and debate 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 will lay the foundation for sustainable, long-term growth. 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 people, 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 advanced 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 deficit in real wage growth. Said in a series of tweets.

“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.

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