The new Chancellor of the Exchequer's speech to the House of Commons on 29th July 2024, unabridged and as delivered.
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The State Opening of Parliament on Wednesday 17th July was somewhat of a watershed after fourteen years of Conservative governments. Here is the unabridged King's Speech, encapsulating in just over twelve minutes the priorities of the new Labour Government. Image source: Daily Express. Background music following the speech: 'Pastorale' by Joel Cummins
Guests: King Charles III
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Original Broadcast: Thought for the Week
The scale of the nominal national debt is staggering, but when you add in unfunded pension schemes (state and public sector) and HM Treasury indemnities to the Bank of England it places a heavy load indeed on the new Chancellor. Her early career at the Bank of England and HBOS will have prepared Rachel Reeves well to tackle this challenge in her new role as Chancellor of the Exchequer; and she will be well aware of the heavy burden being placed on younger generations. Background music: 'Burden Laid Down' by The Westerlies
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Original Broadcast: Thought for the Week
Most of us believe in personal freedom within a fairer society, but that combination isn't currently on offer from any of the political parties seeking your vote. It is, however possible — but you need to start young. Reducing the voting age to 16 might help a bit, but a more egalitarian way forward for capitalism calls for starter capital accounts and incentivised learning for disadvantaged young people. Then, you need to do something about wealth concentration brought about by the tech giants. Background music: 'Freedom' by Dan Lebowitz
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Original Broadcast: Thought for the Week
Tools have accompanied us since the dawn of humanity, but few are as exciting and fearsome as Artificial Intelligence. That's why the Pope chose to talk to G7 leaders last Friday about this swiftly developing technology with his plea that politicians need to ensure that it benefits every human being. Artificial Intelligence is just one of the long-term concerns included in our pre-General Election survey, asking your opinion on issues not included in party manifestos: these include linking inheritance levies directly to inter-generational rebalancing, transforming the UK's welfare system, and reforming the 'second chamber' to enable proper long-term review of legislation. Please take part! Visit https://www.smartsurvey.co.uk/s/FU34N0/ Background music: 'The New Order' by Aaron Kenny
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Original Broadcast: Thought for the Week
Spot the difference (if you can) between the communist and socialist perspectives on welfare, as defined by byjus.com. After seventy-five years it's crippled the public sector with its huge demand for cash, and provides a dysfunctional health service due to monopoly strangleholds. It's time for Sir Keir Starmer to move from socialism to egalitarian capitalism: You won't find it in Party manifestos, but you will find it at Share Alliance. Background music: 'People Watching' by Sir Cubworth
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Original Broadcast: Thought for the Week
Not my platitudes — but we do indeed need bold reforms, vision, groundbreaking solutions and to lead the edge of change. Our key concerns and calls for action are in this commentary, but they're not in the party manifestos: for example, the call to break the cycle of deprivation first made 50 years ago — we're still waiting. Euphemisms abound as the parties converge towards the central ground in the quest for your votes, but they draw together many different perspectives. Test them on issues such as a more egalitarian form of capitalism, smaller government, inter-generational rebalancing and a longer-term perspective — see where they stand as individuals. Background music: 'Hidden Agenda' by Kevin MacLeod, licensed under a Creative Commons Attribution 4.0 license http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1200102.
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Original Broadcast: Thought for the Week
Individual achievement is recognised in many walks of life, and that recognition spurs people on to achieve even greater things. With education, good exam results and university entrance are celebrated, but this doesn't do much for those who find it difficult to get started in the first place. That's why The Share Foundation's introduction of incentivised learning is so important for young people in care, achieving an attitudinal transformation as they progress through the six-step Stepladder course. We need acceptance of incentivised learning to break the cycle of deprivation. Background music: 'Everything Has a Beginning' by Joel Cummins
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Original Broadcast: Thought for the Week
England delivered a withering verdict on its ruling Conservative Party last week, but the motley spread of replacement parties plus low turnout revealed a population thoroughly disenchanted by politics. Democracy is calling for a fresh perspective, based on reason and logic. We need to draw inspiration from people like Thomas Jefferson who said, 'We hold these truths to be self-evident: that all are created equal, that they are endowed with certain unalienable rights, and that among these are life, liberty, and the pursuit of happiness.' Background music: 'Freedom' by Dan Lebowitz
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Original Broadcast: Thought for the Week
Just in the United Kingdom alone, it has been estimated that there is £200 billion lying unclaimed as dormant assets. Better analysis is needed, more use should be made of search facilities by families — but the money needs to be put to work, prioritising inter-generational rebalancing. The Dormant Assets Act 2022 is a major step forward by Government, and the Reclaim Fund will enable its provisions to be put into practice. This will become an increasingly important contribution to empowering disadvantaged young people as the birth rate falls. Background music: 'Sea of Ancestry' by Jesse Gallagher.
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