Queen’s speech: government commits to ‘Levelling Up’ and maintaining access to cash

In today’s Queen’s speech the government has committed to regenerate town centres and high streets, and to protect the millions of shoppers in the UK who still use cash every day. 

One of the headline Bills announced was the Levelling Up and Regeneration Bill. Measures to be proposed, which follow the Levelling Up White Paper published in February this year, include: 

• Compulsory rental auctions on empty premises that have been unoccupied for more than a year
• The ability to make pavement cafes and other outdoor dining spaces that were temporarily introduced during Covid-19 a permanent fixture
• Local authorities to be given more powers to use compulsory purchase orders with the intention of delivering new infrastructure and regeneration in town centres
• A requirement on the government to produce an annual report updating the country on its progress toward the delivery of the levelling up agenda

Narinder Randhawa, national president of The Fed, said of the plans: “We are pleased to see that the government shares the concerns of independent retailers around access to cash, business rates, crime and regenerating high streets and we urge it to tackle these issues with the energy and priority they deserve.”

“As well as wanting the government to move quickly, it is vital that it works with trade associations like The Fed regarding the detail to ensure that small businesses get the help and support they deserve.”

However, Randhawa expressed disappointment at the lack of support for small businesses who are struggling amid soaring bills.

“This year has seen huge increases in overheads and operating costs, threatening local shops who are the beating hearts of their communities. We are disappointed that measures to help ease the burden on hard-pressed independent retailers have been missed out of the Queen’s Speech and would urge the government to look at these as a matter of urgency.”

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James Lowman, chief executive of the Association of Convenience Stores (ACS), welcomed the plans, but urged the government: “…to recognise the importance of the thousands of local shops operating in secondary areas, estates and villages that continue to keep their communities going and should be a core part of the levelling up agenda. 

“We await further detail of the Levelling Up and Regeneration Bill and how the government intends to legislate to achieve the missions set out in the White Paper on areas like crime, health and connectivity, and will continue to engage with the Department for Communities and Local Government on how local shops can play their part in levelling up the UK.”

Also in the Queen’s speech was the announcement of a Financial Services and Markets Bill, which aims to protect consumers’ access to cash through the continued availability of cash withdrawal and deposit facilities throughout the UK.         

Other notable Bills announced in today’s Queen’s speech include:

• Non-Domestic Rating Bill which aims to modernise the business rates system and incentivise investment
• Brexit Freedoms Bill to repeal and reform regulations on businesses
• Energy Security Bill to protect against global price fluctuations in energy costs. 

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