‘Is it working?’ this is the crucial question which will determine the fate of the Conservatives and to an extent the Liberal Democrats in the months ahead. People will want to see that the deficit is being reduced and that there is light at the end of the tunnel. Progress may not be as fast as we would all like to seen but there is no doubt that the Government’s economic policies are bearing fruit.
This week it has been confirmed the economy grew by 0.3% in the first quarter. There have been one and a quarter million more jobs created in the private sector. There will always be changes in job numbers and changes in businesses plans such as that recently announced by Antler are never welcome. businesses are not set in stone, job losses in one area nad new jobs in another are how the economy develops.
But the fact remains that slowly but surely the policies are working. The deficit is being cut. We are moving in the right direction. Of course political opponents will claim it is all going wrong and they could do a lot better but as there is not much evidence people think Labour would do any better after all it was Labour who left the economy in this mess in 2010.
After a short recess taking in this years local elections Wednesday saw the State Opening of Parliament and the Queen’s Speech which whilst read out by Her Majesty the Queen it is of course written by the Government. It sets out the list of Bills the Government will bring forward in the next legislative session.
This year the Queen’s Speech was all about backing people who work hard and want to get on in life.
The Government has already made much progress in fixing our broken economy, reducing the deficit by a third and rebalancing the economy away from the public sector with the creation of one and a quarter million new private sector jobs.
The proposed new legislation will further boost the economy and help businesses create more jobs.
The National Insurance Contributions Bill will cut the cost of recruiting new employees. By introducing what will effectively be a nil rate band for National insurance Contributions of £2,000 every business and charity which employs people will be better off.
A new Deregulation Bill will reduce burdens on businesses and tidy up the statute book by repealing legislation no longer of practical use.
Other new Bills will cover pensions, care costs, anti-social behaviour and offender rehabilitation. Despite what some have suggested there will be plenty of legislation to consider in the months ahead.
An Immigration Bill will stop immigrants accessing public services they are not entitled to and make it easier to remove people from the UK who should not be here.