Skip to content
Tuesday 15 September 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,666.98
-0.29%
DAX
25,431.61
-0.04%
CAC 40
8,100.50
-0.21%
STOXX 50
6,254.05
-0.10%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Tuesday 10 May 2022 12:56 pm  |  Updated:  Tuesday 10 May 2022 1:49 pm

Queen’s Speech: Opposition leaders attack government for cost of living inaction and lack of employment bill

By: Charlie Conchie

City Editor

Add as a preferred source on Google
Lib Dem leader Ed Davey said the government needs to go further to tackle the cost of living crisis

Opposition leaders have rounded on the government for inaction on the cost of living crisis and a lack of protection for workers, after ministers set out their fresh legislative agenda for the next session of parliament in the Queen’s Speech.

In a reaction to the Queen’s Speech, read by Prince Charles for the first time, Liberal Democrat leader Ed Davey said the speech did “nothing to help the millions of families and pensioners facing soaring bills and eye watering inflation”.

“The Conservatives have failed to deliver a cut to VAT that would have saved families an average of £600, failed to help pensioners and failed to help the most vulnerable in our society,” he said.

Davey added that the Tories had “neglected” rural communities, with no plans laid out “to support farmers on the brink”, or to tackle soaring ambulance waiting times and GP shortages.

Labour’s deputy leader Angela Rayner said the government was “failing workers” and had failed to deliver protections pledged to workers.

Boris Johnson is failing Britain’s workers again with yet more broken promises. 🗂🗑

The Prime Minister pledged enhanced rights and protections at work, but is instead dragging Britain’s workers down – in a race to the bottom. ⬇️#QueensSpeech https://t.co/mCmkgxImgk

— Angela Rayner 🌹 (@AngelaRayner) May 10, 2022

The Green Party’s Caroline Lucas said the energy security bill outlined by government will fall down if ministers do not go further to ease the economic burden on consumers.

“Glad to see Energy Security Bill in Queens Speech, but it will ring hollow if it fails to provide a retrofit revolution to slash bills & energy demand,” she wrote on Twitter.

Read more

Reform hits back at Tory plan to ‘abolish inheritance tax’

Badenoch discusses economic policy at a press conference, addressing key financial strategies to boost national growth.

The SNP’s Westminster leader Ian Blackford levelled criticism at the government for its lack of further action to address the cost of living crisis, claiming the Tories had made a “political choice” to “sit on its hands”.

“Beyond the pomp, ceremony and rhetoric, the Queen’s Speech offered nothing to help people who are suffering under a Tory-made cost-of-living crisis and are struggling to make ends meet,” he said.

“This was not just a missed opportunity – it was a political choice by a broken Tory government to sit on its hands while we face the biggest inflationary crisis in 50 years.

“Instead of tackling the Tory cost-of-living crisis and focusing on people’s priorities, Boris Johnson set out measures for a race to the bottom in standards through the ‘Brexit Freedoms Bill’ to repeal EU retained law and the other Brexit legislation,” he added

Business chiefs

The Federation of Small Business welcomed the “pro enterprise” tone of the address but said ministers now need to “put words into action”.

“Firms need the Government to deliver quickly on levelling-up commitments through plans for devolution, infrastructure investment and regulatory reform,” Federation of Small Businesses (FSB) National Chair Martin McTague said.

“To date, a combination of a disappointing Shared Prosperity Fund settlement, rolling back of HS2 plans and withdrawal of the New Enterprise Allowance has left many in target areas feeling underwhelmed.”

McTague added that efforts to establish a new infrastructure bank, cement a roll-out of gigabit-capable broadband and improve 4G coverage across the UK “need to happen swiftly, targeting areas most in need”.  

Read more

Pensioners to hand over bank statements in government benefits crackdown

Elderly hands holding British pound notes (£5, £10) and coins, representing pension funds and finances.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Politics

Trending Articles

  • Former Formula 1 champion loses £1.4m HMRC tax bill appeal

  • Wetherspoon boss: ‘Not up to Burnham’ to choose who is on the high street 

  • Revolut facing extortion threat after hackers steal customers’ data

  • Mortgage rates at five-month high ahead of Bank of England decision

  • Bank of England predicted to raise interest rates this year

More from Morning Wire

  • Reform hits back at Tory plan to ‘abolish inheritance tax’

    Politics
    Badenoch discusses economic policy at a press conference, addressing key financial strategies to boost national growth.
  • Pensioners to hand over bank statements in government benefits crackdown

    Personal Finance
    Elderly hands holding British pound notes (£5, £10) and coins, representing pension funds and finances.
  • Healey says growth is ‘pathway out of debt’ but bats away tax questions

    Politics
    John Healey speaking at JLR, with industrial robotic arms visible in the background
  • Are Labour Chancellors really still blaming Liz Truss?

    Opinion
    John Healey speaking at a podium with the UK Royal Coat of Arms, gesturing with his left hand during his speech.
  • Can John Healey deliver the growth the UK needs?

    Economics
    Two men in suits and a woman in safety glasses and workwear at a factory.
  • Healey launches £150m northern scale-up fund

    Economics
    Smiling bald man in a dark suit and a red patterned tie, looking up and to the right.
  • Businesses urge Healey to reduce cost pressures in pre-Budget campaigns

    Economics
    John Healey speaking at a podium with the UK Royal Coat of Arms, gesturing with his left hand during his speech.
  • Farage vows to call ‘national emergency’ on day one

    Politics
    Nigel Farage in Parliament, addressing a female clerk holding a document, with other parliamentarians in the background.
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook