Hopes that Keir Starmer’s new Labour government will seek to rebuild closer ties with the EU gained momentum on as King Charles presented the incoming administration’s priorities at the House of Lords, with a focus on “resetting relations”.
While succinct, the language on restoring the country’s cooperation with Europe provided strong reassurance to those industries hoping to benefit from improved business terms between the two sides, after more than five years of post-Brexit tensions and regulatory divergence.
“My government will seek to reset relations with European partners and work to improve the UK’s trade and investment relationship with the European Union,” the King told MPs in Westminster.
Overall, the ceremonial King’s Speech – a long-lived British tradition that sees the legislative agenda of incoming governments being introduced by the monarch in a coordinated speech to the Parliament – yielded few surprises on Wednesday as Starmer’s pledges had been laid out clearly on numerous instances in recent months.
The latest of these was at the meeting of NATO members in Washington last week, where the new UK prime minister reiterated a strong focus on mending relations with Europe.
Meanwhile, Wednesday’s speech also signalled a heavy focus on domestic economic reforms and growth – another widely pre-announced theme of Starmer’s policies for the next four years.
“Stability will be cornerstone of my government’s economic policy,” King Charles III said, adding that “every decision will be consistent with these fiscal rules: It will legislate to ensure that all significant tax or spending changes will be subject to independent assessment by the Office for Budget Responsibility.”...
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