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PIMFA WEEKLY NEWS BULLETIN | 17 May 2021 Dear Nigel,
Welcome to the PIMFA Bulletin; grab a coffee and take 10 minutes to read this week's latest industry news impacting you and your firm.
The Queen’s Speech
On 11 May the Queen outlined the Government’s priorities marking the State Opening of Parliament and set out the Government’s legislative agenda for the Parliamentary session ahead. A significant proportion of the speech was dedicated to the Government’s 'levelling up' agenda. They plan to enable lifelong learning through the Skills and Post-16 Education Bill, extend 5G mobile coverage through the Product Security and Telecommunications Infrastructure Bill, authorise the next phase of HS2 through the High Speed Rail Bill, and deliver on its manifesto promise to build 300,000 new homes a year by reforming the planning system to make it “simpler, faster and more modern”.
Ahead of COP26 later this year, the Government has attempted to signal its green credentials, reintroducing the Environment Bill that began its Parliamentary passage in the previous session and sets binding environmental targets. The Government will also introduce the Subsidy Control Bill, which will set out a new, post-Brexit regime for state aid. A Procurement Bill will also simplify procurement in the public sector, giving small and medium-sized companies greater opportunities to secure Government contracts and