The King’s Speech was fuelled by Labour’s ambitions to kickstart economic growth with 40 bills, including audit reform, overhaul of employment law, VAT on private school fees and changes to apprenticeship levy
Growing the economy will be no easy task in Sir Keir Starmer’s first term, but the King’s Speech in the House of Lords on 17 July showed the new Prime Minister is not wasting any time.
Prime Minister Keir Starmer said: ‘Now is the time to take the brakes off Britain. For too long people have been held back, their paths determined by where they came from - not their talents and hard work.
‘I am determined to create wealth for people up and down the country. It is the only way our country can progress, and my government is focused on supporting that aspiration.’
The announced bills will build the foundations of what Labour envisages for the future by giving the Office for Budget Responsibility (OBR) more powers to scrutinise any proposals on tax changes affecting taxpayers.
