The government will work closely with the Bank of England (BoE) as the UK continues to grapple with a troubled and impressionable economy.
Speaking at the State Opening of Parliament today (7 November), King Charles III said the impact of Covid and the war in Ukraine had created "significant long-term challenges" for the UK. In his first King's Speech, he outlined the programme of legislation the government plans to progress in the next parliament session, which is likely to be the last before the next general election. "My ministers will support the BoE to return inflation to target by taking responsible decisions on spending and borrowing," the King said. "These decisions will help household finances, reduce public se...
To continue reading this article...
Join Professional Adviser
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence.
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters.
- Make smart business decisions with the latest developments in regulation, investing retirement and protection.
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes.
