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Westminster will be awash with pomp and ceremony today as parliament hosts the King’s Speech.

But what will the day involve and how will it play out? And what plans for the country’s future are likely to be unveiled?

Read on to find out all you need to know.

What is the King’s Speech?

While a parliament – meaning the period of time between general elections – can last for up to five years, a new parliamentary session is normally launched annually. It gives the government of the day a chance to outline its legislative plans for the year ahead.

The start of a new session is marked with the grandest of ceremonies, the State Opening of Parliament.

It brings together members of the House of Commons and House of Lords, as well as the monarchy, dressed up in their finest regalia for the day ahead. Look out for the robes, britches and, of course, the crown.

After numerous traditions are played out – from searching the bowels of the building for gunpowder to slamming a door in Black Rod’s face – peers and MPs gather in front of the monarch to listen to them deliver the King’s (or Queen’s) Speech.

The Prince of Wales delivers the Queen's Speech during the State Opening of Parliament in the House of Lords, London. Picture date: Tuesday May 10, 2022.
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The then Prince of Wales delivered the speech on his mother’s behalf in May 2022

While the address may be read out by the head of state, the content is written by the government and sees their legislative agenda given a stately introduction to the ears of parliamentarians and the public.

The speech will fall to King Charles III in his first state opening as monarch – though he had a dry run back in May 2022, when he stood in for his mother due to her mobility issues.

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From 2022: How Charles stepped up for the Queen’s Speech

The late Queen Elizabeth II delivered the speech a total of 67 times during her reign, and only missed it on a handful of occasions, including when she was pregnant with Prince Andrew and then Prince Edward.

After the document is read out, MPs return to the Commons and spend around five days debating its content, but not before two backbench MPs nominated by the prime minister kick off proceedings by giving a loyal address to parliament – a light-hearted affair, often littered with some cringeworthy jokes.

What will the speech mean for Rishi Sunak?

This is the first time this prime minister has had his plans delivered in a King’s Speech since he moved in to Number 10.

Liz Truss’s short premiership meant she missed out on this particular spotlight for her policy agenda. Boris Johnson was the last prime minister to oversee a state opening 18 months ago.

Read more:
King’s Speech: Plans centred around criminal justice to be unveiled

King will have to announce measures we know he’s bound to dislike
Hard to see how Sunak’s first King’s Speech won’t be his last – analysis

King’s Speech live: Watch our special programme on Sky News, hosted by Sophy Ridge, from 10.30am today. You will also be able to follow the event live via the Politics Hub on the Sky News app and website.

Tuesday’s ceremony is likely to be the final King’s Speech of this parliament as Mr Sunak will have to call a general election by the end of January 2025 at the latest.

That means it may also be his last chance to show both his party and the public what he stands for, following his first year of trying to steady the ship after the chaos surrounding last autumn’s revolving door in Downing Street.

Hard to see how Rishi Sunak’s first King’s Speech won’t be his last

The King’s Speech is supposed to be the landmark moment in the life of parliament.

It is the occasion for a prime minister to set down his or her mission for government, and outline the laws they will pass to try to achieve their goals.

But this year, the moment will belong to King Charles III, rather than Rishi Sunak, for two reasons.

First is the sheer symbolism of the new monarch delivering the first King’s Speech in over seven decades.

An epoch-making moment, it reminds us all in the most formal of settings, laced with symbolism, that we have passed from the first Elizabethan era to the new Carolean age.

Second is the reality of Mr Sunak’s predicament.

His first King’s Speech in power will be less about landing a vision and more about holding position, for this is a prime minister running out of time and with little space to push through new ideas.

Read Beth Rigby’s full analysis here

Mr Sunak will also need to bring his MPs and members with him to ensure they back his leadership going into the looming general election, so he may choose to be cautious with his priorities – while throwing some red meat to please particular wings of the Conservative Party.

But the upcoming national poll also leaves questions over how much legislation the prime minister and his government can push through in a short space of time – during which MPs will also want to be out on the doorstep campaigning to keep their seats.

What will be in the speech?

While the spectacle of the speech is designed for a new legislative agenda to be proposed, the government can also “carry over” some bills from the previous session that it was unable to pass into law.

According to the House of Commons Library, five carry-over motions have been agreed for bills, giving them another 12 months to achieve royal assent, namely:

• Data Protection and Digital Information (No 2) Bill – which aims to update the UK’s data protection laws post-Brexit

• Digital Markets, Competition and Consumers Bill – which proposes new powers to improve competition between online businesses and new protections for consumers

• Economic Activity of Public Bodies (Overseas Matters) Bill – which would introduce a ban on public bodies, such as councils, from boycotting other countries, with a special status for Israel

• Victims and Prisoners Bill – which aims to improve support for victims of crime, along with reform of the parole system

Renters (Reform) Bill – which features proposed changes to regulations covering the rented housing sector

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Life as a renter in the UK

Two so-called “hybrid” bills will also continue to be scrutinised in the next parliament – one on the future of the northern leg of HS2, which was scrapped by Mr Sunak at his party’s conference, and one on a Holocaust memorial in Westminster.

The Commons’ researchers have also highlighted several bills announced in the last session that were never officially introduced, meaning they could return under Mr Sunak.

They include the much-touted ban on conversion therapy – though some on the right of the party could influence Number 10 to chuck it out – as well as further measures to tackle modern slavery and a transport bill to bring in some of the HS2 replacement projects announced by the prime minister.

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The key moments from 2022’s Queen’s Speech

What new proposals are we expecting?

Ministers have already confirmed there will be a bill to phase out leaseholds, with all new houses in England and Wales having to be sold as freehold properties.

Mr Sunak’s party conference announcement to raise the legal age for buying cigarettes in England by one year every year to phase out smoking is sure to get a showing too.

But reports suggest the major focus will be on crime, not just with existing plans being finalised – such as compelling criminals to attend sentencing – but with the introduction of bills to introduce tougher sentences for serious crimes, such as rape, and a scheme to rent prison space abroad.

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How would a smoking ban work?

The prime minister is also expected to accelerate his plans to disrupt existing net zero policies with the introduction of an annual system to award new oil and gas licences.

Meanwhile, the government could give its backing to establishing an independent football regulator.

By lunchtime on Tuesday, we will have the full list of what Mr Sunak has in store.

It could either be his springboard to winning the next election – or his last legislative dance while still holding the keys to Number 10.

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‘My lawyers are ready’ for questions about corruption claims, ex-minister tells Sky News

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'My lawyers are ready' for questions about corruption claims, ex-minister tells Sky News

Tulip Siddiq has told Sky News her “lawyers are ready” to handle any formal questions about allegations she is involved in corruption in Bangladesh.

Asked whether she regrets apparent links with the Bangladeshi Awami League political party, Ms Siddiq said “why don’t you look at my legal letter and see if I have any questions to answer… [the Bangladeshi authorities] have not once contacted me and I’m waiting to hear from them”.

The London MP resigned as a Treasury minister in January after being named in several corruption inquiries in Bangladesh.

In her first public comments since leaving government, Ms Siddiq said “there’s been allegations for months on end and no one has contacted me”.

Last month, the interim leader of Bangladesh told Sky News the MP had “wealth left behind” in the country “and should be made responsible”.

Lawyers acting for Ms Siddiq wrote to the Bangladeshi Anti Corruption Commission (ACC) several weeks ago saying the allegations were “false and vexatious”.

The letter said the ACC must put questions to Ms Siddiq “by no later than 25 March 2025” or “we shall presume that there are no legitimate questions to answer”.

More on Bangladesh

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Staff from the NCA visited Bangladesh as part of initial work to support the interim government in the country.

In a post online today, the former minister said the deadline had expired and the authorities had not replied.

Sky News has approached the Bangladeshi government for comment.

The allegations against Ms Siddiq are focused on links to her aunt Sheikh Hasina – who served as the prime minister of Bangladesh for 20 years.

Ms Hasina was forced to flee the country in August following weeks of deadly protests.

She is accused of becoming an autocrat, with politically-motivated arrests, extra-judicial killings and other abuses allegedly happening on her watch. Hasina claims it’s all a political witch hunt.

Electrocuted on their genitals and mouths sewn up: Inside Bangladesh’s ‘death squad’ jails

Ms Siddiq was found to have lived in several London properties that had links back to the Awami League political party that her aunt still leads.

She referred herself to the prime minister’s standards adviser Sir Laurie Magnus who said he had “not identified evidence of improprieties” but added it was “regrettable” Ms Siddiq had not been more alert to the “potential reputational risks” of the ties to her aunt.

Ms Siddiq said continuing in her role would be “a distraction” for the government but insisted she had done nothing wrong.

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Former New York governor advised OKX over $505M federal probe: Report

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Former New York governor advised OKX over 5M federal probe: Report

Former New York governor advised OKX over 5M federal probe: Report

Cryptocurrency exchange OKX reportedly hired former New York Governor Andrew Cuomo to advise it over the federal probe that resulted in the firm pleading guilty to several violations and agreeing to pay $505 million in fines and penalties.

Cuomo, a New York-registered attorney, advised OKX on legal issues stemming from the probe sometime after August 2021 when he resigned as New York overnor, Bloomberg reported on April 2, citing people familiar with the matter.

“He spoke with company executives regularly and counseled them on how to respond to the criminal investigation,” Bloomberg said.

The Seychelles-based firm pled guilty to operating an unlicensed money-transmitting business in violation of US Anti-Money Laundering laws on Feb. 24 and agreed to pay $84 million worth of penalties while forfeiting $421 million worth of fees earned from mostly institutional clients.

The breaches occurred from 2018 to 2024 despite OKX having an official policy preventing US persons from transacting on its crypto exchange since 2017, the Department of Justice noted at the time.

A spokesperson for Cuomo, Rich Azzopardi, told Bloomberg that Cuomo has been providing private legal services representing individuals and corporations on a variety of matters since resigning as New York governor.

“He has not represented clients before a New York city or state agency and routinely recommends former colleagues for positions,”  Azzopardi added.

OKX reportedly wasn’t willing to comment on its relationships with outside firms.

Cuomo also influenced OKX to make executive appointments: Bloomberg

Cuomo, who is now running for mayor of New York City, also advised OKX to appoint his friend US Attorney Linda Lacewell to OKX’s board of directors, Bloomberg said.

Lacewell, a former superintendent of the New York Department of Financial Services, was added to the board in 2024 and was named OKX’s new chief legal officer on April 1, according to a recent company statement.

Former New York governor advised OKX over $505M federal probe: Report

Source: Linda Lacewell

Related: New York bill aims to protect crypto investors from memecoin rug pulls

After the investigation concluded, OKX said it would seek out a compliance consultant to remedy the issues stemming from the federal probe and bolster its regulatory compliance program.

“Our vision is to make OKX the gold standard of global compliance at scale across different markets and their respective regulatory bodies,” OKX CEO Star Xu said in a Feb. 24 X post.

Magazine: Financial nihilism in crypto is over — It’s time to dream big again

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Trump imposes 10% tariff on all countries, reciprocal levies on trading partners

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Trump imposes 10% tariff on all countries, reciprocal levies on trading partners

Trump imposes 10% tariff on all countries, reciprocal levies on trading partners

United States President Donald Trump signed an executive order establishing reciprocal tariffs on trading partners and a 10% baseline tariff on all imports from all countries.

The reciprocal levies on will be approximately half of what trading partners charge for US imports, Trump said. For example, China currently has a tariff of 67% on US imports, so US reciprocal tariffs on Chinese goods will be 34%. Trump also announced a standard 25% tariff on all automobile imports.

Trump told the media that tariffs would return the country to economic prosperity seen in previous centuries:

“From 1789 to 1913, we were a tariff-backed nation. The United States was proportionately the wealthiest it has ever been. So wealthy, in fact, that in the 1880s, they established a commission to decide what they were going to do with the vast sums of money they were collecting.”

“Then, in 1913, for reasons unknown to mankind, they established the income tax so that citizens, rather than foreign countries, would start paying,” Trump said.

Economy, US Government, United States, Donald Trump

Full breakdown of reciprocal tariffs by country. Source: Cointelegraph

Trump presented the tariffs through the lens of economic protectionism and hinted at returning to the economic policies of the 19th century by using them to replace the income tax.

Related: Bitcoin rally to $88.5K obliterates bears as spot volumes soar — Will a tariff war stop the party?

Trump proposes eliminating federal income tax and replacing it with tariff revenue

Trump proposed the idea of abolishing the Internal Revenue Service (IRS) and funding the federal government exclusively through trade tariffs while still on the campaign trail in October 2024.

According to accounting automation company Dancing Numbers, Trump’s plan could save each American taxpayer $134,809-$325,561 in taxes throughout their lives.

Economy, US Government, United States, Donald Trump

US President Donald Trump addresses the media about reciprocal trade tariffs at the April 2 press event. Source: Fox 4 Dallas

The higher range of the tax savings estimate will only occur if other wage-based taxes are eliminated at the state and municipal levels.

Commerce Secretary Howard Lutnick, who assumed office in February, also voiced support for replacing the IRS with the “External Revenue Service.”

Lutnick said that the US government cannot balance a budget yet consistently demands more from its citizens every year. Tariffs will also protect American workers and strengthen the US economy, he said.

Magazine: Elon Musk’s plan to run government on blockchain faces uphill battle

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