June 10, 2014 Print

On June 4, the U.K. Parliament commenced a new session with the traditional Queen's Speech. Queen Elizabeth II delivered her speech, which lasted barely over 10 minutes. Professor Phillip Booth, the editorial director at the Institute of Economic Affairs (IEA), quickly followed up with comments. He said, “The Queen’s Speech offered little to comfort those in favour of smaller government and deregulation,” citing some specific issues such as plastic bag taxes and subsidies for childcare as being “irrelevant to the serious structural problems underlying our economy”. There is a silver lining, however, as she called for pension reform more like the Dutch system. Booth says this is “good news”, though “it may not now be possible for the government to re-create what it has destroyed.” Read the full story from IEA. To learn more about the IEA, an Atlas Network partner, click here.