The queen’s speech has unveiled the Tories’ plans for the year. Fury at the bankers forced the government to pretend to get tough on the rich—but they were really dancing to the tune of big business.
The Tories want to cut “red tape” for bosses, making it easier for them to sack workers. Meanwhile, millions of workers will be forced onto worse pensions. The draft Care and Support Bill will mean more privatisation.
And without a hint of irony, the Tories’ want to make it easier for the cops to monitor our emails and phone calls. But they backed off from giving gay couples the right to marry.
The Tories claim that their Banking Reform Bill protects ordinary people. They say that customers will be paid before creditors when banks go bust, and that this will reduce the burden on taxpayers. But as our money tends to be thrown at any bank that wants it, it’s unlikely that they’ll go bust.
Instead we’ll keep bailing them out. Yet the head of the British Chambers of Commerce John Longworth still whined that “ministers could have been bolder”.