Government Announcements

The directors of the UK’s largest companies will have to be re-elected on an annual basis as part of a revised code of corporate governance.

The business community has offered the Queen’s Speech a welcome.

The government used the Queen’s Speech to flag up measures aimed at reforming the tax system for both businesses and individuals in order to make it “fairer and simpler”.

An extension of the right of employees to request flexible working and a faster than planned raising of the state retirement age both formed part of the new coalition government’s first Queen’s Speech.

The government has announced that the Department for Business, Innovation and Skills (BIS) is to lose £836 million from its budget as part of an initial £6 billion of spending cuts.

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