Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Starmer’s vision for Britain: key pledges and missing pieces from the King’s Speech

by July 17, 2024
July 17, 2024
Starmer’s vision for Britain: key pledges and missing pieces from the King’s Speech

King Charles has presented Sir Keir Starmer’s comprehensive plan for Britain, featuring proposed laws on planning reform, employment rights, and transport.

Here’s a detailed breakdown of the King’s Speech, highlighting both included measures and notable omissions.

Border security

The new Border Security, Asylum and Immigration Bill empowers the Border Security Command with counter-terrorism-style authority to dismantle people-smuggling gangs. Tougher penalties will target those advertising smuggling services or providing materials to criminal gangs. Funding will come from the abolition of the Rwanda deportation scheme, saving £100 million in future payments and additional costs.

The bill aims to clear the backlog of asylum claims, including 90,000 migrants earmarked for Rwanda, and end hotel use for housing asylum seekers.

Equality

The Equality Bill will align race with sex in equal pay claims, promoting a more equal society and supporting economic growth. Ethnic minorities and disabled people will gain a “full right to equal pay,” simplifying claims against employers by eliminating the need to prove direct discrimination.

Renters’ rights

A Renters’ Rights Bill will abolish Section 21 “no-fault evictions” and empower tenants to challenge unreasonable rent increases. It will combat “bidding wars,” extend Awaab’s Law to the private sector, and enforce a “decent homes standard.” The bill will also prohibit discrimination against tenants receiving benefits or those with children, streamline dispute resolutions, and create a digital database for landlords, tenants, and councils.

Crime and policing

Respect orders will provide police with new tools to address anti-social behaviour, with breaches punishable by imprisonment or fines. The Crime and Policing Bill will enable rapid action against noisy dirt bikes, deploy 13,000 additional neighbourhood police officers and PCSOs, and make assaulting a shop worker a specific offence. It will also close loopholes related to ninja and samurai swords, with tech executives facing jail if banned weapons are sold on their platforms.

Martyn’s Law under the Terrorism Bill will mandate preventative measures against terror attacks in public premises. The Victims’ Bill will ensure offenders attend sentencing and impose restrictions on name changes for sex offenders.

Education

The Children’s Wellbeing Bill will introduce free breakfast clubs in primary schools, limit mandatory branded uniform items, and require academies to teach the national curriculum. New requirements for teacher qualifications, enhanced powers for Ofsted, and strengthened safeguarding provisions will also be enacted. Skills England will be established to address national skills needs.

Planning

The Planning and Infrastructure Bill aims to expedite the planning process to build 1.5 million homes by 2029, reform compulsory purchase rules, modernise planning committees, and streamline infrastructure approval processes.

Workers’ rights

An Employment Rights Bill will increase the minimum wage, ban exploitative zero-hour contracts, end “fire and rehire” practices, and extend flexible working from day one. The bill will repeal post-2010 Tory trade union legislation, extend benefits like parental leave and sick pay from day one, and introduce a “fair pay agreement” for the adult social care sector.

Transport

The Passenger Railway Services (Public Ownership) Bill will nationalise rail companies as contracts expire or if they fail customers, without compensation. Great British Railways will be established to manage the network, simplify ticketing, and automate compensation for delays. The High Speed Rail (Crewe to Manchester) Bill will enhance northern train lines without reversing the cancellation of the HS2 leg to Manchester. The Better Buses Bill will empower councils to launch publicly owned bus companies and mandate route provisions.

Economy

A Budget Responsibility Bill will introduce a “fiscal lock” for independent Budget assessments by the Office for Budget Responsibility. The National Wealth Fund Bill will establish a £7.3 billion fund for growth projects, incorporating the British Business Bank and the UK Infrastructure Bank. A Bank Resolution (Recapitalisation) Bill will enhance support for small banks and expand the Financial Services Compensation Scheme.

Companies

The Arbitration Bill will streamline dispute resolution between firms, and the Product Safety and Metrology Bill will reform product regulation, focusing on AI opportunities and e-bike safety. A draft Audit Reform and Corporate Governance Bill will ensure truthful financial reporting.

Pensions

The Pension Schemes Bill will increase the withdrawal amount for private pensions, consolidate pension pots, and ensure trust-based schemes deliver value for money. Terminally ill individuals will access funds earlier.

Football

The Football Governance Bill will introduce an independent regulator for financial stability, licensing professional clubs, and restricting changes to club assets and league memberships.

Health

Labour’s Tobacco and Vapes Bill will implement a progressive smoking ban for those born after 2009, regulate vape marketing to children, and introduce measures to prevent the next generation from becoming nicotine-dependent.

Conversion therapy

The Conversion Practices Bill will introduce a comprehensive ban on conversion therapy, ensuring protection while allowing legitimate psychological support.

Palestine

The King reaffirmed Labour’s commitment to a two-state solution in the Middle East, with a secure Israel alongside a viable Palestinian state.

Private schools

Labour’s plan to impose VAT on private school fees will feature in the next Budget, funding the hiring of 6,500 new teachers.

Omissions

Notably absent from the King’s Speech were measures for a Lords’ retirement age, lowering the voting age to 16, and scrapping the two-child benefit cap, despite pressures from campaigners and potential backbench revolts.

Read more:
Starmer’s vision for Britain: key pledges and missing pieces from the King’s Speech

0
FacebookTwitterGoogle +Pinterest
previous post
Developing leadership talent through extreme outdoor team building
next post
The Xylazine Scourge Widens

You may also like

UK economy showed no growth in February

April 13, 2023

McLaren receives £30m boost from Bahraini owners

February 5, 2024

SEO or PPC: Which is Better?

February 4, 2025

TikTok returns to US app stores as Trump...

February 14, 2025

Bank of England governor urges UK to rebuild...

May 9, 2025

Rising mortgage rates force housing market slowdown

November 10, 2022

Zeus nets £1.8 million in angel funding round

October 12, 2022

UK Planning Laws Hinder Investment, Warns Eli Lilly...

July 1, 2024

Energy bills predicted to drop in October

August 18, 2023

How to Care for Real Sheepskin Rugs

March 6, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • How to Remove Text from Images: Unveil AI Magic

      May 20, 2025
    • Afro Hair Transplant in Turkey: A Popular New Trend

      May 20, 2025
    • Trump, Hegseth to announce ‘golden dome’ missile defense plan, US official says

      May 20, 2025
    • GOP senators renew call for DOD watchdog to probe former Joint Chiefs boss Milley for alleged misconduct

      May 20, 2025
    • Iran’s Khamenei says Americans should avoid talking ‘nonsense’ in nuke talks

      May 20, 2025
    • Moody’s Downgrades US Debt

      May 20, 2025

    Categories

    • Business (7,998)
    • Investing (1,972)
    • Politics (15,315)
    • Stocks (3,093)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved