The Queen’s Speech: Staffordshire Chambers’ reaction

Big Ben and Houses of Parliament in London

Yesterday, the Queen’s Speech, delivered by Prince Charles on behalf of the Queen, highlighted the Government’s priority to “grow and strengthen the economy and help ease the cost of living”.

The 38 new bills included some welcome measures for businesses and set out ambitious goals which aim to grow an economy built on core foundations including sustainability, investment in transport and infrastructure and developing the nation’s skills

However, unless the Government takes immediate action to implement the legislations and enforce urgent action on the economy, it will be too late to help many firms.

The cost of living and cost of doing business crisis is substantially affecting both consumers and businesses. By easing the pressure on businesses now, they will be able to contain rising prices which are currently being driven by increasing energy bills, staff shortages and higher taxes.

Sara Williams, CEO of Staffordshire Chambers of Commerce, said: “The legislative agenda highlights the key issues being faced by businesses as we emerge from the pandemic. If delivered correctly, the long-lasting implications will undoubtedly grow and strengthen the economy, as the Prince of Wales has stated.

“We were pleased to see the announcement of the legislation to support economic growth and the delivery of net zero showing the Government’s commitment to support the transition to net zero by 2050.

“Through the new procurement bill, procurement will become more accessible for small businesses and charitable and social enterprises which will enable them to compete for public contracts, maximising opportunities for business.”

We look forward to seeing the implementation of the new bills and we welcome all appropriate support which can be offered to businesses to alleviate the pressures they are currently facing.

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