Key points from the legislation include:

• Recognition of improved economic conditions with the fastest growth in the G7.
• Encouragement for the government to adhere to commitments regarding tax policies and welfare savings.
• Call for increasing income tax thresholds to exempt State Pension from taxation.
• Acknowledgment of favorable trends in inflation and the banking system's stability.

“but humbly regret that there is no mention in the Gracious Speech of the improved economic conditions the Government is inheriting, with the fastest recorded growth in the G7, inflation at the Bank of England’s target for the second month in a row, and unemployment at half the rate that it was in 2010; further regret that there is no mention of how to make necessary savings on welfare; urge the Government to meet the commitment set out in the Labour Party’s manifesto not to raise taxes on working people; regret that the Gracious Speech fails to make a commitment not to use changes to reliefs to raise taxes; and call on the Government to increase income tax thresholds to prevent income tax from being charged on the State Pension.” “a dose of traditional socialist dogma”. “the UK economy is approaching a soft landing”, “growth recovering faster than expected…inflation has fallen faster than was envisaged…The banking system remains healthy”. “This is a maiden speech”, “but I know that the constituency of Finchley…would not wish me to do other than come straight to the point”.-[Official Report, 5 February 1960; Vol. 616, c. 1350.] “The house of delusions is cheap to build, but draughty to live in, and ready at any instant to fall.”