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UK’s new government announces legislation for ‘national renewal’

London: Britain’s new Labour Party government promised to calm the country’s febrile politics and ease its cost-of-living crisis as it set out its plans for “national renewal” at the grand State Opening of Parliament on Wednesday.

Stabilising the UK’s public finances and spurring economic growth were at the center of Prime Minister Keir Starmer ‘s legislative agenda, announced in a speech delivered by King Charles III.

“My government will seek a new partnership with both business and working people and help the country move on from the recent cost of living challenges by prioritising wealth creation for all communities,” the king said in a speech to hundreds of lawmakers and scarlet-robed members of the House of Lords.

Starmer campaigned on a promise to bring bold change to Britain at modest cost to taxpayers.

He aims to be both pro-worker and pro-business, in favour of vast new construction projects and protective of the environment. The risk is he may end up pleasing no one.

In a written introduction to the speech, Starmer urged patience, saying change would require “determined, patient work and serious solutions” rather than easy answers and “the snake oil charm of populism.”

The King’s Speech is the centrepiece of the State Opening, an occasion where royal pomp meets hard-nosed politics, as the king donned a diamond-studded crown, sat on a gilded throne and announced the laws his government intends to pass in the coming year.

Labour won a landslide election victory on July 4 as voters turned on the Conservatives after years of high inflation, ethics scandals and a revolving door of prime ministers.

Starmer has promised to patch up the country’s aging infrastructure and frayed public services, but says he won’t raise personal taxes and insists change must be bound by “unbreakable fiscal rules.”

Wednesday’s speech included 40 bills – the Conservatives’ last speech had just 21 – ranging from housebuilding to nationalising Britain’s railways and decarbonizing the nation’s power supply with a publicly-owned green energy firm, Great British

Energy.

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