Sunday, June 16, 2024
HomeNewsKing’s Speech ‘heavy on intervention, light on liberalisation’

King’s Speech ‘heavy on intervention, light on liberalisation’


Commenting on the King’s Speech, Mark Littlewood, Director General of the free market think tank, the Institute of Economic Affairs, said:

‘The King’s Speech was an opportunity to reset the agenda, yet has proven little more than heavy on intervention, light on liberalisation. While the government promised to “make long-term decisions to change this country for the better”, these announcements risk perpetuating Britain’s nit-picky overregulation, high tax, and low growth economic model.

‘The new football regulator and digital markets interventions could repel investment into some of Britain’s most successful and innovative sectors. The phased smoking ban strips away personal choice while presenting an enticing business opportunity for black market sellers. The banning of so-called “drip pricing” for airlines risks passengers paying more for services they do not need.

‘New trade agreements, including joining CPTPP [Comprehensive and Progressive Agreement for Trans-Pacific Partnership], will give consumers more choices and provide opportunities for British businesses. Expanding North Sea oil and gas licences is a welcome step towards lower energy costs, but it can only go so far. But without a fundamental shift in economic thinking, we are on the path to another lost decade of economic growth.’

If you appreciated this article, perhaps you might consider making a donation to The Conservative Woman. Unlike most other websites, we receive no independent funding. Our editors are unpaid and work entirely voluntarily as do the majority of our contributors but there are inevitable costs associated with running a website. We depend on our readers to help us, either with regular or one-off payments. You can donate here. Thank you.
If you have not already signed up to a daily email alert of new articles please do so. It is here and free! Thank you.

Edited by Kathy Gyngell

Sign up for TCW Daily

Each morning we send The ConWom Daily with links to our latest news. This is a free service and we will never share your details.