Berliner Boersenzeitung - UK's Labour govt programme laid out in king's address

EUR -
AED 4.364552
AFN 78.426697
ALL 96.878983
AMD 450.193226
ANG 2.127122
AOA 1089.656166
ARS 1708.476407
AUD 1.717322
AWG 2.138911
AZN 2.008692
BAM 1.96031
BBD 2.393567
BDT 145.414313
BGN 1.995568
BHD 0.448039
BIF 3529.202359
BMD 1.188284
BND 1.508165
BOB 8.229416
BRL 6.276159
BSD 1.188414
BTN 107.996806
BWP 15.640903
BYN 3.388695
BYR 23290.359005
BZD 2.390139
CAD 1.629268
CDF 2620.165597
CHF 0.922649
CLF 0.026034
CLP 1027.948186
CNY 8.286616
CNH 8.258173
COP 4388.92556
CRC 588.087527
CUC 1.188284
CUP 31.489516
CVE 110.525773
CZK 24.242709
DJF 211.181814
DKK 7.468339
DOP 74.416203
DZD 153.505927
EGP 55.815705
ERN 17.824254
ETB 185.694425
FJD 2.62789
FKP 0.872174
GBP 0.868275
GEL 3.196584
GGP 0.872174
GHS 12.959631
GIP 0.872174
GMD 86.744985
GNF 10409.560197
GTQ 9.120596
GYD 248.637679
HKD 9.266176
HNL 31.345109
HRK 7.532545
HTG 155.748783
HUF 381.753337
IDR 19890.620146
ILS 3.703185
IMP 0.872174
INR 108.976719
IQD 1556.786164
IRR 50056.447794
ISK 145.398398
JEP 0.872174
JMD 187.072952
JOD 0.842482
JPY 183.11035
KES 153.229362
KGS 103.915762
KHR 4788.31765
KMF 499.079349
KPW 1069.476077
KRW 1715.216032
KWD 0.364326
KYD 0.990332
KZT 597.128859
LAK 25638.599297
LBP 106421.589874
LKR 367.938109
LRD 219.858732
LSL 19.056622
LTL 3.508692
LVL 0.718781
LYD 7.504707
MAD 10.800182
MDL 20.048217
MGA 5359.668091
MKD 61.775753
MMK 2495.318225
MNT 4237.50047
MOP 9.544679
MRU 47.392818
MUR 54.090869
MVR 18.358894
MWK 2060.670593
MXN 20.632068
MYR 4.712142
MZN 75.943472
NAD 19.055336
NGN 1682.027508
NIO 43.733552
NOK 11.606263
NPR 172.793961
NZD 1.988046
OMR 0.456897
PAB 1.188404
PEN 3.985437
PGK 5.157168
PHP 70.22934
PKR 332.782764
PLN 4.207659
PYG 7986.37249
QAR 4.332422
RON 5.097023
RSD 117.401267
RUB 90.936877
RWF 1733.883609
SAR 4.456151
SBD 9.653154
SCR 16.616665
SDG 714.734911
SEK 10.614694
SGD 1.508716
SHP 0.89152
SLE 28.994764
SLL 24917.712555
SOS 677.979648
SRD 45.303294
STD 24595.071855
STN 24.558149
SVC 10.398534
SYP 13141.911722
SZL 19.041086
THB 37.014823
TJS 11.093821
TMT 4.158993
TND 3.431826
TOP 2.861102
TRY 51.514712
TTD 8.076123
TWD 37.373304
TZS 3018.240682
UAH 51.235986
UGX 4212.904425
USD 1.188284
UYU 44.595217
UZS 14361.885267
VES 418.591223
VND 31118.17737
VUV 142.315726
WST 3.274421
XAF 657.511091
XAG 0.01102
XAU 0.000235
XCD 3.211396
XCG 2.141753
XDR 0.817636
XOF 657.508318
XPF 119.331742
YER 283.166138
ZAR 19.050943
ZMK 10695.97016
ZMW 23.203747
ZWL 382.626842
  • SCS

    0.0200

    16.14

    +0.12%

  • CMSC

    0.0300

    23.78

    +0.13%

  • RBGPF

    -1.5400

    82.5

    -1.87%

  • NGG

    1.0800

    82.58

    +1.31%

  • GSK

    1.1700

    50.32

    +2.33%

  • CMSD

    0.0300

    24.16

    +0.12%

  • BTI

    -0.1700

    58.99

    -0.29%

  • BCE

    -0.0500

    25.15

    -0.2%

  • RIO

    0.0400

    90.47

    +0.04%

  • BP

    0.2300

    36.76

    +0.63%

  • BCC

    -0.9300

    83.4

    -1.12%

  • RELX

    -0.3900

    39.51

    -0.99%

  • AZN

    1.2800

    94.23

    +1.36%

  • RYCEF

    -0.1200

    17

    -0.71%

  • JRI

    0.0500

    13.73

    +0.36%

  • VOD

    0.0600

    14.23

    +0.42%

UK's Labour govt programme laid out in king's address
UK's Labour govt programme laid out in king's address / Photo: HENRY NICHOLLS - POOL/AFP

UK's Labour govt programme laid out in king's address

King Charles III outlined Labour's first programme for government in 15 years on Wednesday, with promises of economic stability and tougher action on irregular immigration to improving relations with Europe soured by Brexit.

Text size:

"We will unlock growth and take the brakes off Britain," Prime Minister Keir Starmer said in introductory remarks to the King's Speech, a centuries-old tradition full of pomp and ceremony that details the laws the government proposes to make over the next 12 months.

Despite its name, the address, which marks the official start of the new parliamentary session, is not written by the monarch as head of state but by the government. It was centre-left Labour's first such speech since it was last in power in 2010.

Labour returned to government following a landslide win against the Tories earlier this month.

Wearing the diamond-studded Imperial State Crown, a Royal Navy outfit and long robe, Charles delivered Labour's proposals from a golden throne in the House of Lords upper chamber after travelling from Buckingham Palace in a carriage procession.

The speech included more than 35 bills, including measures to enforce public spending rules and an independent assessment of future budgets to prevent a repeat of former prime minister Liz Truss's disastrous 2022 mini-budget that tanked the economy.

The legislation fleshed out several announcements already made, such as the launching of a wealth fund to draw investment into the UK and of a publicly owned body tasked with boosting clean energy by 2030.

Labour also announced an acceleration of housebuilding, plans to renationalise Britain's much-maligned rail services.

There was also detail of a new border security command with beefed-up "counter-terror powers" to curb "immigration crime" -- Starmer's pledge to "smash the gangs" behind small boats crossings of the Channel by migrants from northern France.

A bill to boost workers' rights, including a ban on zero-hour contracts, and strengthened protections for renters were also included, as were plans to reform the unelected House of Lords by scrapping the right of those with hereditary titles to sit there.

Ex-prime minister Rishi Sunak's proposal to phase out smoking also made it, as did plans for a football regulator.

Also included was a pledge to repeal a controversial act that granted conditional immunity to perpetrators of crimes in Northern Ireland during the Troubles era of sectarian violence.

"This is a hungry party," former Labour minister Tony McNulty told AFP before the speech. "They are chomping at the bit to show that they can get back to being what they see as the natural party of government."

- Ceremonial 'hostage' -

The day's proceedings started when royal bodyguards ritually searched the basement of the Palace of Westminster for explosives -- a legacy of the failed attempt by Catholics to blow up parliament in 1605.

The king travelled Buckingham Palace, escorted by mounted cavalry, en route to the Houses of Parliament.

A smattering of anti-monarchy protesters chanted "Not my king" outside parliament, while the Metropolitan Police said 10 members of activist group Youth Demand were arrested on suspicion of conspiracy to cause public nuisance.

Tradition at the ceremony dictates that an MP is ceremonially held "hostage" in the palace to ensure the king's safe return.

A parliamentary official known as Black Rod had the door of the lower chamber House of Commons slammed in their face, a tradition that symbolises parliament's independence from the monarchy.

MPs then followed Black Rod to the upper chamber, where King Charles, as head of state, gave the speech to assembled lords and ladies in red and ermine robes, plus invited members of the elected Commons.

In keeping with the convention that the monarch is above politics, keen environmentalist Charles remained expressionless throughout, as he did during the last address in November when Sunak's government announced new oil and gas licences.

"That's the job," said McNulty, a British politics lecturer at Queen Mary University of London, noting however: "There's probably much in this King's Speech that he will favour rather than the other one he had to read out."

(B.Hartmann--BBZ)