The big theme of today’s King’s Speech is ‘mission-led’ government, with economic growth, house building, workers’ rights and devolution the key elements. King Charles told the House of Lords that ‘taken together these policies will enhance Britain’s position as a leading industrial nation and enable the country to take advantage of new opportunities that can promote growth and wealth creation’. There are six bills designed to deliver these plans.
The Budget Responsibility Bill will force every fiscal event to be subject to an independent assessment from the Office for Budget Responsibility. The briefing on this piece of legislation is strikingly political: it says: ‘This Bill delivers on the manifesto commitment to introduce a fiscal lock’ – to ensure that the mistakes of Liz Truss’ ‘mini budget’ cannot be repeated’.
Comments
Join the debate for just $5 for 3 months
Be part of the conversation with other Spectator readers by getting your first three months for $5.
UNLOCK ACCESS Just $5 for 3 monthsAlready a subscriber? Log in