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London Chamber of Commerce and IndustryLondon Chamber of Commerce and Industry
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London Chamber of Commerce and Industry comments on the King’s Speech

Tuesday 7 November 2023 

In response to the King’s Speech, London Chamber of Commerce and Industry’s Head of Policy and Public Impact, James Watkins, said: 

“Young people need the very best advice to ensure they can fulfil their potential in life. This is why the announcement in the King’s Speech to reform careers support is to be warmly welcomed. For too long young people have had haphazard careers support depending on where they live while, for businesses, they are finding it difficult to find workers for highly paid skilled jobs. This dichotomy needs to end and with the announcement by His Majesty the King that reform of the careers system is now on its way, this will be a vital first step to solving the ongoing skills crisis.

“We also welcome reform of pedicab legislation. For too long rogue pedicab operators have played fast and loose with the law. Too many visitors to our city have been fleeced and intimidated - which has harmed London's global reputation. This has happened because of a law that is over a hundred years old. The law took no account of the needs of contemporary visitors to our global city. Those days will soon be over thanks to the news that the licensing of pedicabs is in the King's Speech. This is good news for the reputable pedicab operators, good news for tourists and good news for London. It is only the criminals who will regret that this century old loophole will finally be closed.

“There is disappointment that there is no timetable to regulate rail fares. With the ongoing cost of living crisis, we do need to cut the high cost of train travel to make it easier for small firms to connect with partners and clients across the country. High train fares in Britain, compared to much of Europe, is a barrier towards enhancing business competitiveness.

“However, for many SMEs their main focus will be on the Autumn Statement later this month. With one supply side shock after another, businesses will be waiting for some relief to ease top line costs so that firms can look forward with confidence towards 2024”.

ENDS

About the London Chamber of Commerce and Industry (LCCI)

LCCI is London’s key hub for the business community. We are accredited by the British Chambers of Commerce and support our members’ businesses through a range of services, products, and events. We are committed to creating business connections and opportunities, and advocate on behalf of London’s business community. 

For more information, visit LCCI website.

Media contact:              

Vittoria Zerbini - Media Assistant
E- vzerbini@londonchamber.co.uk