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LCCI Comment on the King’s Speech 2026

Wednesday 13 May 2026 

Today’s King’s Speech included several positive measures for businesses, particularly commitments on tackling late payments, supporting apprenticeships, strengthening cyber security, and progressing major transport and infrastructure projects. 

At a time when firms continue to face significant cost pressures and global uncertainty, these commitments could help improve business confidence. However, businesses across London are disappointed by the lack of meaningful progress on business rates reform, which remains a major drag on investment and growth.

While commitments on infrastructure, planning reform, and economic resilience are welcome, firms want to see delivery at pace. Investment in transport, energy and digital infrastructure is critical to maintaining London’s competitiveness and supporting wider UK growth. 

London remains a global engine of growth and innovation, and businesses stand ready to work in partnership with Government to drive investment, trade and job creation. Clear policy direction, economic stability and swift implementation will be essential to turning today’s announcements into long-term economic growth across the capital and the wider UK economy.


ENDS