10 steps. How does Charles III want to change England’s economy?

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Queen of Great Britain, who reigned for more than 70 years. Elizabeth died in Scotland on Thursday, September 8, at the age of 96. According to the news of the newspaper, his son III. Charles (Prince Charles chose this throne name for himself) will be formally proclaimed King of Great Britain on Saturday, September 10. Times. He is expected to have his first meeting with Prime Minister Liz Truss on Saturday evening.

The interaction between government and monarch in Britain is tradition: the head of state is above politics and the economy. But Karl managed to establish himself as “a prince meddling in things other than his own affairs”.

Elena Ananyeva, head of the Center for British Studies of the Russian Academy of Sciences, said: “Karl expressed many of his thoughts, including on economics, where he was called “the prince who interfered in his own affairs”.

10 steps to a sustainable economy

At the forum held in Davos in 2020, Prince Charles presented a program for the development of a sustainable economy. For him, the recovery from the coronavirus crisis is an opportunity to reset the global economy and emphasize sustainable development without further harming the planet. The prince explained the 10 steps to take for this Guard.

First of all, we need to prioritize the protection of nature and natural capital. Second, achieving a zero carbon footprint.

The third point is to rethink industries through the lens of sustainable markets. Next, identify game-changing technologies that can accelerate the creation of a sustainable economy and remove barriers to change. We need to eliminate subsidies that prevent the economy from being more sustainable, set taxes, and shape regulations to stimulate sustainable markets.

The prince called for investment in science, technology, engineering and math skills, research and development to help bring new technologies to market. Invest in nature as a driver of economic growth. The prince considered it necessary to establish common indicators to measure environmental, social and management standards. The purpose of this is to ensure transparency in the company’s supply chains.

The ninth step is to make it easier for consumers to understand which products are ethical and safe. Finally, reshape investments so they can support sustainable development. This will allow trillions of pounds to go to pension funds, government wealth funds for environmentally sound projects that offer long-term value and rate of return.

“The crisis triggered by the coronavirus pandemic offers the chance to move from a fossil fuel-based economy to a nature-based circular bio-economy,” Prince Charles said in 2021.

in 2022 declarationThat the government will promote economic growth to improve living standards and finance sustainable investments in utilities. “This will be supported by responsible public finance, debt relief while reforming and reducing taxes,” he added.

“Very nice words”

Ananyeva of the Russian Academy of Sciences is confident that Charles III will not be able to realize his ideas on the throne.

“The monarchy in England is constitutional. This means that the monarch does not interfere with anything. It approves the decisions proposed by the Prime Minister. Karl will not be able to realize his ideas about the throne, including bioeconomics, as a monarch, ”said Karl.

According to him, the monarch in England has no right to veto government decrees or bills already passed by Parliament.

“The Sovereign approves all the laws of the Parliament. However, he can remove a bill proposed by an ordinary deputy from the parliament’s agenda. England has an unwritten constitution, unwritten agreements, traditions. The monarch also approves government decrees on the recommendation of the prime minister, ”Ananyeva stressed.

As an example, Boris Johnson became prime minister during World War II in 2019. He reminded that Elizabeth decided to dissolve the Parliament for her signature. Traditionally, the work of political parties is usually suspended for three weeks in order to hold their annual conferences.

“Johnson has decided to extend this period to five weeks to prevent lawmakers from discussing the Trade Agreement Johnson is negotiating with the European Union. The Queen approved Johnson’s decision. Later, the Supreme Court found this decision unlawful. Johnson introduced a bill that would allow the court to decide only on procedural matters and not consider government decisions from a policy standpoint. A suspended parliament was elected in 2010 (no party gained a majority). Then a regulation was developed to prevent the monarch from being drawn into political negotiations between the parties, ”explained Ananyeva.

Natalya Eremina, Professor of the Department of European Studies at the Faculty of International Relations at St. Petersburg State University, agrees with him.

“Nothing will change. The economy will be different and sustainability will be different. These were beautiful words with nothing behind them. The monarch rules but does not rule. Nothing changes and should not change in this system. When the king wants to use his veto, there are also political tools that can be used to thwart him. This is a It is a matter of political trust. The trust of the political elite. He will not be able to trust one person, ”said Eremina.

According to his predictions, over time Charles III will abdicate in favor of his son William. But the professor noted that even then the role of the monarch would remain the same.

“The abdication in favor of the eldest son William is inevitable. There will be a certain transition period. Nothing will change when William comes to the throne. Only because William is younger will the institution of the monarchy be strengthened, he is now 40 years old, ”said Eremina.

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