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Business boost in Queen's Speech | Business boost in Queen's Speech |
(35 minutes later) | |
The government has announced a series of measures in the Queen's Speech that it said were "unashamedly pro-work and pro-business". | The government has announced a series of measures in the Queen's Speech that it said were "unashamedly pro-work and pro-business". |
Included in a raft of bills were proposals to make it easier for small businesses to access finance and remove red tape. | Included in a raft of bills were proposals to make it easier for small businesses to access finance and remove red tape. |
There will also be measures to tackle zero-hours contracts and national minimum wage abuses. | There will also be measures to tackle zero-hours contracts and national minimum wage abuses. |
Some childcare regulations will also be made more flexible. | Some childcare regulations will also be made more flexible. |
A corporate ownership bill will make it easier to punish rogue company directors by increasing the period for which they can be disqualified and awarding compensation to victims. | A corporate ownership bill will make it easier to punish rogue company directors by increasing the period for which they can be disqualified and awarding compensation to victims. |
The bill will also introduce a public register of beneficial shareholders in a company. | The bill will also introduce a public register of beneficial shareholders in a company. |
The Small Business, Enterprise and Employment bill will put forward proposals to give small business owners fairer access to compete for £230bn worth of annual public procurement contracts. | |
It will also include measures to ensure larger companies pay small business owners promptly for work they do for them. | |
Earlier, Prime Minister David Cameron said: "Countries rise when their people rise. So this Queen's Speech is unashamedly pro-work, pro-business and pro-aspiration." | |
Terry Scuoler, chief executive of EEF, the manufacturers' organisation, welcomed what he said were "a number of pro-growth and pro-work policies". | |
He said: "The government must now keep momentum going for the next 11 months and not stall just as the economy is beginning to motor. | |
"It is also essential that the legislation proposed does not load any extra burdens on to employers, or remove their ability to recruit and employ in a flexible way to suit their business." |