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Thursday, 10 May 2012

Queen's Speech

The Queen's Speech sets out to address legislation in the next twelve months.

The only Bill which reflects upon business is seemingly -

A wide ranging Enterprise and Regulatory Reform Bill covering competition, employment disputes, director's pay and regulatory reform.  Competition enforcement will be strengthened by merging the Competition Commission and parts of the Office of Fair Trading.  A Green Investment Bank will be established to promote private sector investment in a greener economy.  Reforms in the employment tribunal system will be achieved by providing more options for the early resolution of disputes through Acas.  On Director's pay, shareholders will be allowed a binding vote on the remuneration of directors.

This Bill applies to the whole of the UK, but with some parts relevant to England, Wales or Scotland only.

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