On 4 June 2014, the Queen outlined the Government's legislative proposals for the year, which aim to be "pro-work, pro-business and pro-aspiration". As its centrepiece, "ground-breaking" pensions reform will introduce a new tax framework that removes restrictions on the way individuals can access their defined contribution pension savings.
The Government will also introduce legislation to support small businesses by making it easier to access finance and ensure that red tape is reviewed frequently. The Government also intends to strengthen UK employment law by tackling National Minimum Wage abuses and cracking down on the misuse of zero-hours contracts. Further reforms to the Employment Tribunal system are also expected.
A copy of the draft bill is available here.