Pretty much as advertised. The 92 remaining heredity peers will be expelled from the House of Lords. Increased power to the Metropolitan Mayors and local government in general as well as more devolution from Parliament to the Northern Ireland, Scottish and Welsh governments.
I would use the old European Union constituencies to apportion a British Senate. The seat numbers would change from time to time due to census population changes. Based on the last European Union apportionment and tripled would give the following Senate seat numbers.
London - 24 seats
South West England - 18 seats
South East England - 30 seats
East of England - 21 seats
West Midlands - 21 seats
East Midlands - 15 seats
North West England - 24 seats
North East England - 9 seats
Yorkshire and the Humber - 18 seats
Wales - 12 seats
Scotland - 18 seats
Northern Ireland - 9 seats
Total - 219 seats
Each region would elect its members by party list proportional representation.
It basically signals the beginning of the real work. As soon as the King got up and left after the speech, the House of Commons returned to their chamber and began debating the government program.
I like how they copy Charles I busting into parliament and demanding to arrest the Parliamentarians he didn’t like. The ceremony is great and a relic of history.