In a statement, Howard Pridding, executive director of the British Marine Federation, says the contents of the Queen’s Speech outlined a number of Bills that could be important to the revival of the UK’s economy. Pridding was particularly pleased to see the introduction of the Enterprise and Regulatory Reform Bill.
The Queen’s Speech marks the beginning of the parliamentary calendar in the UK. The speech is delivered by the Queen from the throne in the House of Lords, in the presence of members of both Houses. Although the Queen reads the speech, its content is written by the Government and approved by the Cabinet. It describes the Government's policies and proposed new legislation for the new parliamentary session.
Commenting on the Queen’s Speech, Pridding says: “The Enterprise and Regulatory Reform Bill looks like it could be good news for our industry, which is comprised of small and medium sized businesses. We are happy to see action taken to strengthen the business environment, reduce regulatory burdens and improve business and consumer confidence. The promise to simplify the regulatory system and give confidence to businesses that they will not be held back by unnecessary legislation is particularly welcome. We have worked tirelessly with Government Departments over recent months to ensure that our members’ views have been represented in these areas, particularly around removing red tape and improving access to finance, and we look forward to continuing to do so.
“The marine industry is a significant exporter, with some of our leading companies exporting up to 90% of what they produce. I was therefore pleased to see the Government recognise the importance of trade with the emerging economies. Our members already export a large amount to growing markets like China and we look forward to working with Government to help the marine sector contribute to the UK catching up with our European competitors in market share of exports to these economies.”