Ian Holloway points out some important developments announced in the King’s speech.
Pomp and pageantry aside, the King’s Speech on 17 July 2024 marked the opening of the UK Parliamentary session for the UK Labour government. It included four bills to highlight, though only two impact workersâ¯and employers.
Budget responsibility bill
The Office for Budget Responsibility (OBR) produces ‘fiscal and economic forecasts’ twice annually, one alongside the budget. This assesses whether the measures will achieve the fiscal mandate. This bill requires the OBR to produce a report for every ‘fiscally significant measure’ announced in the House of Commons, though not ones
