King's Speech: Inflation control key as pensions and IHT take back seat

New parliamentary session opened

Hope Coumbe
clock • 3 min read

The government will work closely with the Bank of England (BoE) as the UK continues to grapple with a troubled and impressionable economy, King Charles III has said.

Speaking at the State Opening of Parliament today (7 November), the King said the impact of Covid and the war in Ukraine had created "significant long-term challenges" for the UK. In his first King's Speech, he outlined the programme of legislation the government plans to progress in the next parliamentary session, which is likely to be the last before the next general election. "My ministers will support the BoE to return inflation to target by taking responsible decisions on spending and borrowing," the King said. "These decisions will help household finances, reduce public sector d...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

Reeves' fiscal lock legislation deemed 'largely performative'
UK

Reeves' fiscal lock legislation deemed 'largely performative'

IFS analysis

clock 22 July 2024 • 1 min read
UK consumer confidence strengthens in July amid 'paused' view on economy
UK

UK consumer confidence strengthens in July amid 'paused' view on economy

Consumers taking a 'wait and see' approach

clock 19 July 2024 • 1 min read
UK retail sales plunge in June across most sectors after May rebound
UK

UK retail sales plunge in June across most sectors after May rebound

Following 2.9% rise in May

clock 19 July 2024 • 1 min read
Trustpilot