On Wednesday the Queen will give her Speech from the Throne, setting out the policy plan for the Conservative government.
A strong commitment to EU reforms
Reduced regulation and slashing red tape
Despite the positive steps taken in the last Parliament, it is still costly and complex for IoD members to comply with the wide array of regulation which falls upon them. So it’s welcome that the new Business Secretary has taken this early opportunity to commit to further reducing the red-tape burden for British businesses.Businesses do not care whether a regulation comes from Whitehall or Brussels, it has the same effect. To be truly ambitious, any plan to reduce regulation must look at the overall burden, European and domestic.
An end to easy striking
Measures to boost businesses' exports
Small and medium sized businesses would like the government to implement measures which would help them to export more overseas.
Mike Reeves, joint managing director of small and medium sized enterprises banking at Santander, told City A.M.:
We’d like to see further steps to help small and medium sized enterprises – in particular, by incentivising small and medium sized businesses to research new export markets and invest the time to consider international expansion
Overseas expansion has intrinsic long-term rewards resulting in a bigger and more stable business than could be grown domestically, but small and medium sized enterprises are often time-poor and there needs to be a more immediate incentive for companies to investigate international expansion."
Solving the housing crisis
The property sector wants the government to set out a clear policies to help solve Britain's housing crisis, involving relaxing regulation to make it easier to build the thousands of new homes desperately needed.
Nevertheless they're critical of the government's plans to revive right-to-buy because it'll lead to less available homes in an already struggling system.
Adam Challis, head of residential research at JL, said:
A stronger housebuilding sector is the only way to solve the UK's housing crisis, while also adding construction jobs. Creating bandwidth – and resilience – in housing delivery must be the main goal of the industry and political counterparts.
But the 1,000,000+ new homes we need over the course of this parliament won’t be delivered overnight; this Government needs to stay on track but increase the pace. We remain concerned about the expansion of Right to Buy. Government should be investing to create a vast quantity of new affordable homes, not taking stock out of the system.”