Too often what is announced in the Queen's Speech can be lost in the political noise and circumstance of the event itself. Failing to realise the full implications of the content could ultimately lead to heightened business risk.

Whilst not absolutely definitive, the Speech details the Bills that the Government wants to introduce. Amongst those Bills could be measures that impact on business operations. That is not always clear from the name of the Bill so some awareness and analysis is required.

Added to that, the slimness of the Government's majority means that Parliament is important again. Changes can be made to Bills and genuine debates had. No longer are Bills simply a fait accompli that will become law.

So when the Queen makes her speech, sit up and take notice.