What was in the King's Speech – and what we need next

Today's King's Speech included measures that business leaders, entrepreneurs, and investors will welcome.

Here’s what was announced:

1. Ensuring that regulation supports growth rather than stifles innovation

What was announced: The Regulating for Growth Bill will require regulators to prioritise economic growth and investment while maintaining critical protections.‍

‍Why it matters: Overly onerous and complex regulation has hampered innovation and economic growth. These changes will allow businesses in critical sectors like AI to move faster and more freely.

2. Strengthening trade with the EU‍

‍What was announced: The European Partnership Bill will strengthen ties with the EU and address current trade barriers, including by aligning Britain with EU regulations in some areas.‍

Why it matters: The EU is the largest export market for British companies. Closer alignment would reduce friction and enable even more trade.

3. Getting more young people into work‍

‍What was announced: The government announced a £2.5 billion youth employment package to support nearly one million young people.‍

Why it matters: One in eight young people is not in education, employment or training. Fast-growing companies rely on their ability to hire talent with the skills needed to thrive in a rapidly changing job market.

In response to the King’s Speech, our Executive Director, Eva Barboni, said: 

"Today’s King’s Speech included measures that entrepreneurs, business leaders, and investors will welcome. These include ensuring regulators support growth rather than stifle innovation, strengthening trade with the European Union, and helping more young people into work.

“But against a backdrop of instability at home and abroad, and intensifying global competition, Britain needs even bolder and more decisive action.

“We need a comprehensive plan to improve access to capital and talent, while sending a clear signal that the UK is open for business and serious about growth.

“The potential prize is enormous: more high-quality jobs, more investment in our communities, and more people sharing the benefits of economic growth.” 

Learn more about how we can build a better future for Britain in our launch report, “Time To Act”.