MNI BRIEF: China Equip't Renewal Policy Includes Foreign Firms

MNI China Daily Summary: Wednesday, July 17

MNI China Press Digest July 17:  Investment, LPR, H2 Priority

MNI: PBOC Net Injects CNY268 Bln Via OMO Wed; Rates Unchanged

CHINA PBOC CONDUCTS CNY270 BILLION VIA 7-DAY REVERSE REPOS WED

MNI: PBOC Sets Yuan Parity Lower At 7.1318 Wed; -1.32% Y/Y

Foreigners Buy CAD20.9B of Canada Securities In May Led By Debt

MNI: US JUN HOUSING STARTS 1.353M; PERMITS 1.446M

MNI: FOREIGN HOLDINGS OF CANADA SECURITIES +20.9B CAD IN MAY

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

King's Speech Outlines New Gov'ts Legislative Priorities

UK
Homepagemarkets-real-timePolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange BulletsPolitical Market News

King Charles III has delivered his Gracious Address in the House of Lords, outlining the legislative priorities of the new government of PM Sir Keir Starmer and his centre-left Labour party. The King says that the gov't will be "mission led and based upon the principles of security, fairness and opportunity for all". "Stability will be the cornerstone of my govt's economic policy and every decision will be consistent with its fiscal rules."

  • The King: "The gov't will legislate to ensure that all significant tax and spending changes are subject to independent assessment by the Office for Budgetary Responsibility."
  • The King: "My gov't will legislate to strengthen audit and corporate governance, alongside penson investment."
  • The King: "'My gov't will bring about Great British Energy, accelerate investment in renewable energy, and legislation to help the country achieve energy independence"
  • As has been largely expected, the King's Speech looks to present a gov't focused on stabilising the UK's political and economic landscape with nothing announced that was not widely-expected beforehand.
  • The speech outlines reform to the House of Lords (the upper chamber of parliament) with the removal of hereditary peers, but does not mention the prospect of reducing the voting age to 16. Only comments on 'widening democratic participation'.
  • Gov't press release here.
  • Given the Labour gov'ts sizeable majority in the House of Commons there had been some speculation that it could seek to enact more significant reforms on nationalisation or voting reform, utilising a 'honeymoon period' after the election, but it appears - for now - that these will not come to pass.
259 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

King Charles III has delivered his Gracious Address in the House of Lords, outlining the legislative priorities of the new government of PM Sir Keir Starmer and his centre-left Labour party. The King says that the gov't will be "mission led and based upon the principles of security, fairness and opportunity for all". "Stability will be the cornerstone of my govt's economic policy and every decision will be consistent with its fiscal rules."

  • The King: "The gov't will legislate to ensure that all significant tax and spending changes are subject to independent assessment by the Office for Budgetary Responsibility."
  • The King: "My gov't will legislate to strengthen audit and corporate governance, alongside penson investment."
  • The King: "'My gov't will bring about Great British Energy, accelerate investment in renewable energy, and legislation to help the country achieve energy independence"
  • As has been largely expected, the King's Speech looks to present a gov't focused on stabilising the UK's political and economic landscape with nothing announced that was not widely-expected beforehand.
  • The speech outlines reform to the House of Lords (the upper chamber of parliament) with the removal of hereditary peers, but does not mention the prospect of reducing the voting age to 16. Only comments on 'widening democratic participation'.
  • Gov't press release here.
  • Given the Labour gov'ts sizeable majority in the House of Commons there had been some speculation that it could seek to enact more significant reforms on nationalisation or voting reform, utilising a 'honeymoon period' after the election, but it appears - for now - that these will not come to pass.