12 July 2024
Ahead of the King鈥檚 Speech at the State Opening of UK Parliament on 17 July, the 黑料正能量 (IFoA) is calling on the new Government to set out a bold and ambitious legislative agenda to tackle the most-pressing long-term issues facing the UK.
Actuaries have been highlighting the impact of short-term thinking across several areas, from the prolonged strain on the adult social care system, and underinvestment in key infrastructure projects, to meeting the demands of an ageing population and protecting our planet for generations to come. Without a strategic re-focusing on the big picture challenges that society faces, we risk sleepwalking into further danger.
Our policy prospectus, 鈥楤eyond the Next Parliament鈥�, demonstrates how an alternative approach to policymaking can make the Government鈥檚 first King鈥檚 Speech a roadmap for the long-term, whilst encouraging the economic growth that is needed to deliver widespread reform.
IFoA President Kalpana Shah said:
鈥淒uring the election campaign, the Prime Minister advocated an end to 鈥榮ticking-plaster politics鈥� and an ambition to usher in a 鈥榙ecade of national renewal鈥�. As experts in risk management, we believe this can only be done by adopting a long-term approach to policymaking.
鈥淭he start of a new parliamentary session provides the perfect opportunity to reset the policy agenda, with a King鈥檚 Speech that sets the tone for the long-term. The IFoA looks forward to engaging with the new Government and across the political spectrum, as we highlight the ways in which our sector鈥檚 skills, knowledge, and expertise can help to achieve this goal.鈥�
~ENDS~
Sonia Sequeira, Communications Lead, IFoA
Tel: 07525 592 198
Email: sonia.sequeira@actuaries.org.uk听
Beyond the next Parliament: The case for long-term policy making. 黑料正能量. September 2023.
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