King Charles III and Queen Camilla are seen leaving Buckingham Palace ahead of the State Opening of Parliament on July 17, 2024 in London, England.LONDON — The U.K.'s new Labour government on Wednesday outlined a raft of proposed legislation, including the nationalization of rail operators and the creation of a publicly-owned clean power company.
A pledge of economic growth was yet again front and center in the speech, described in the opening lines as a "fundamental mission" which would help the country move on from the cost of living crisis. The speech is written by the government and delivered by the monarch, the U.K. head of state who wields only symbolic political power in modern times. The speech is a statement of intent and is not legally binding.
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