UK throne speech: House of Lords to be shaken up and more active role of state
In his first Troonrede as king, Charles announced a shift towards a more active role of the government in areas such as nationalizing railroads and creating a state-owned energy company, as well as intervention in sports and housing markets. While promising an era of national renewal, critics argue that the Labour government's ambitious plans may be overly optimistic for an economy that has seen little growth since 2008.