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| Version 2 | Version 3 |
|---|---|
| Business boost in Queen's Speech | Business boost in Queen's Speech |
| (about 1 hour 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. | 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. | 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." | 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." |
| Momentum | Momentum |
| Terry Scuoler, chief executive of EEF, the manufacturers' organisation, welcomed what he said were "a number of pro-growth and pro-work policies". | 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. | 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." | "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." |
| Katja Hall, deputy director-general of the CBI, said changes to make it easier for small businesses to tender for public sector contracts were much needed. | Katja Hall, deputy director-general of the CBI, said changes to make it easier for small businesses to tender for public sector contracts were much needed. |
| She also said the CBI backed measures to put pressure on companies who failed to pay suppliers promptly. | She also said the CBI backed measures to put pressure on companies who failed to pay suppliers promptly. |
| "Growing businesses rely on cash flow and are too often hampered by late payers, so we back a 'comply or explain' system for payment terms of more than 60 days." | "Growing businesses rely on cash flow and are too often hampered by late payers, so we back a 'comply or explain' system for payment terms of more than 60 days." |
| She added businesses would support a ban on exclusivity clauses in zero hours contracts, which stop employees working for more than one company despite offering no guaranteed hours of work. | |
| Such a ban, she said, would "be a proportionate response to some of the issues that have been highlighted, as it focuses on poor practice rather than demonising flexible work in general". | Such a ban, she said, would "be a proportionate response to some of the issues that have been highlighted, as it focuses on poor practice rather than demonising flexible work in general". |