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Focus on tackling the cost of living in Queen's Speech - Perthshire Chamber of Commerce

Focus on tackling the cost of living in Queen's Speech

The UK government has promised to tackle sharp rises in the cost of living by boosting the economy, as it set out its plans in the Queen's Speech.

In the speech, delivered by the Prince of Wales in the Queen's absence, it also pledged support for Ukraine and to reduce regional inequality.

But Prime Minister Boris Johnson warned that the government could not "shield everyone" from the effect of global inflation.

The Queen's Speech, part of the highly ceremonial State Opening of Parliament, allows the government to unveil its legislative plan for the next session.

This year's contained 38 bills and draft bills, covering subjects including energy security, carbon emissions and post-Brexit economic arrangements.

Prince Charles delivered the short address to MPs and peers, after the Queen pulled out for the first time since 1963 because of mobility problems.

It came amid widespread concerns over the rising cost of living, with the Bank of England warning that inflation could hit around 10% later this year.

Some of the key bills include:

  • A new state-run agency to regulate railway services across the UK, Great British Railways , will be established by a Transport Bill
  • A Brexit Freedoms Bill will give ministers new powers to overhaul EU laws they copied over after the UK left the bloc
  • An Energy Security Bill will contain new powers aimed at boosting renewable energy, and promote a market in electric heat pumps
  • An Economic Crime and Corporate Transparency Bill will beef up the investigatory powers of Companies House and aim to increase corporate transparency

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