Prayers – in the House of Commons am 2:33 pm ar 31 Hydref 1991.
I have to acquaint the House that this House has this day attended Her Majesty in the House of Peers, and that Her Majesty was pleased to make a Most Gracious Speech from the Throne to both Houses of Parliament, of which I have, for greater accuracy, obtained a copy.
I shall direct that the terms of the Gracious Speech be printed in the Votes and Proceedings. Copies are available in the Vote Office.
My Government attach the highest importance to maintaining our security. For nearly half a century NATO has formed the cornerstone of our defences. It will continue to be the principal focus, but the dissolution of the Warsaw Pact and the other welcome developments in the Soviet Union and Eastern Europe permit changes to NATO's strategy and will enable us to maintain our security with smaller forces. Nevertheless instability and other risks remain in Europe and elsewhere, and substantial and effective nuclear and conventional forces will be maintained.
The United Kingdom will work for balanced and verifiable arms control agreements including early ratification of the Conventional Armed Forces in Europe Treaty. Efforts will continue to control the proliferation of weapons of mass destruction and to encourage greater international responsibility in the transfer of conventional weapons. The completion of multilateral negotiations on the abolition of chemical weapons will be pursued.
My Government will require full, unconditional compliance by Iraq with the United Nations Security Council Resolutions, including the disposal of its missiles and weapons of mass destruction. They will press for long-term peace in the Middle East, including a settlement of the Palestinian problem. They will continue their efforts to secure the release of hostages in the Middle East.
My Government will, with our Community partners, pursue the successful conclusion of the Uruguay Round of multilateral trade negotiations. Within the Community, they will continue to play a constructive role in the two Inter-Governmental Conferences on Political Union and Economic and Monetary Union; and will work to complete the Single European Market, to promote budgetary discipline, and to reform the Common Agricultural Policy. They will prepare for the United Kingdom's Presidency of the Community beginning on 1st July 1992.
My Government will further encourage the development of democratic institutions and market economies in central and eastern Europe; and pursue the completion of Association Agreements with Hungary, Poland and Czechoslovakia. They hope for a peaceful settlement inYugoslavia. They will contribute constructively to the Helsinki Conference on Security and Cooperation in Europe.
My Government will pursue, within the framework of the Exchange Rate Mechanism, firm financial policies designed to reduce inflation.further and maintain the conditions necessary for sustained growth. They will promote enterprise and training and improve the working of the economy. They will continue to prepare for the privatisation of the British Railways Board and the British Coal Corporation.
In Northern Ireland, my Government will resolutely seek to defeat terrorism through the even-handed and energetic enforcement of the law; to promote political progress; to strengthen the economy; and to create equality of opportunity and equity of treatment for all sections of the community. They will maintain positive relations with the Republic of Ireland.