• The King set out the UK government’s legislative priorities to lawmakers.
• The King’s Speech included several bills on promoting growth and on clean energy, including a National Wealth Fund Bill and Great British Energy Bill.
• Comment from GM Business Growth Company’s Director, Janine Smith
   
  
  

King Charles III outlined the new Labour government’s legislative agenda to a joint session of Parliament on Wednesday.

The King’s Speech contained 40 proposed bills, including ones related to state investment and growth (i.e., National Wealth Fund Bill), energy (i.e., Great British Energy Bill), housing and infrastructure (i.e., Planning and Infrastructure Bill), health (i.e., Mental Health Bill), and devolution (i.e., English Devolution Bill).

It also included several policies that could have significant implications for employment (i.e., Employment Rights Bill, Skills England Bill, and the Draft Equality – Race and Disability – Bill).
The King’s address will be followed by more details about all the boils announced and what it will mean for economic growth in Greater Manchester remains to be seen.

Commenting on the impact for business, Janine Smith, Director of GM Business Growth said: “This should be welcomed to provide a focus back on business growth productivity at the heart of the economic policy agenda building on Rachel Reeves’ vision for ‘securonomics’ and a focus on a more long term and stable approach.  t’s good to see that there is a focus on and prioritises regional and local growth.”

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