King’s Speech: Key takeaways from public rail ownership to Great British Energy
Support trulyindependent journalismFind out moreCloseOur mission is to deliver unbiased, fact-based reporting that holds power to account and exposes the truth.Whether $5 or $50, every contribution counts.Support us to deliver journalism without an agenda.Louise ThomasEditorKing Charles III made his second ever King’s Speech today, marking the 2024 State Opening of Parliament.In it, he laid out Labour’s vision for the country, and the key legislation the government will begin working on in the coming months.The party came to power at the start of July, ending 14 years of Tory government. Prime minister Sir Keir Starmer has been keen to hit the ground running, bringing a slate of new bills which seek to change the direction of the country.“My government will be committed to uniting the country in our shared mission of national renewal,” the prime minister said, introducing the King’s Speech.For the latest political updates, follow The Independent’s live coverage“We will serve every person, regardless of how they voted, to fix the foundations of this nation for the long term. The era of politics as performance and self-interest above service is over.”There were a total of 39 bills included in the King’s Speech, with some likely to have big impacts on the life of UK citizens.Here’s the key bills confirmed today and what they could mean for you:Budget Responsibility BillThis was the first piece of legislation announced by the King today, a signal from Labour of their emphasis the mission of economic growth.The bill will introduce a ‘fiscal lock’ by requiring any major tax or spending changes to be subject to an independent assessment by the Office for Budget Responsibility.This is a policy that has long been floated by Labour, and was detailed in their manifesto. It is in line with chancellor Rachel Reeves vision of ‘securonomics’ which see economic growth and wealth creation prioritised with limited state intervention.Labour says the bill is designed “to ensure that the mistakes of Liz Truss ‘mini budget’ cannot be repeated.”Housebuilding and planning bill( More