A raft of measures, including the Government’s intention to continue to reduce the country’s deficit to ensure interest rates remain low were announced in today’s Queens’s speech.

The Speech highlighted the Government’s focus to continue work on rebuilding the economy and supporting businesses.

Sue Robinson, director of the National Franchised Dealers Association, said: "We are encouraged by steps taken to support the private sector and hope that the Deregulation Bill is effective in reducing the burden of excessive or unnecessary regulation to businesses – an issue we have long campaigned to government on.

“We also support the planning of law reform which is designed to improve economic effectiveness and the government’s aim for reform of the EU.”

Further bills included the National Insurance Contributions Bill, which will reduce employer National Insurance Contributions costs, and the infrastructure bill which plans to reform planning law to improve economic competiveness and guarantee long-term investment in the road network.

Stuart James, director of the Independent Garage Association, said: "The commitment from Government to increase the total number of apprenticeship places to two million by the end of the parliament is a positive step for independent garages.

“We also support the move in cutting bureaucracy, and enabling access to finance and believe this will be an advantage and enable independent garages to grow and invest for the future."