Tag Archives: Theresa May- Britain’s prime minister

Markets and the British election — May’s mandate melts- The Economist

Markets and the British electionMay’s mandate melts

The markets are remarkably calm about polls showing that the election is narrowing

THERESA MAY, Britain’s prime minister, called a surprise election for June 8th arguing that she needed a strong mandate for negotiating Brexit. The pound rallied on the news, in the belief that a large Conservative majority would allow Mrs May the flexibility to do a deal with the EU, and see off the hard-liners among her party.

For a while, it looked as if the plan was going well. The Conservatives had a 20-point lead in some polls. But the party’s campaign, heavily reliant on the appeal of its leader and the repeated use of soundbites like “strong and stable”, has been misjudged. The manifesto launch was disastrous and included a pledge to charge the elderly (a key Tory demographic) for social care. That pledge was quickly reversed, but Mrs May’s refusal to admit to an obvious U-turn undermined her strong leadership claims.    Continue reading

Britain’s economy: PM Theresa May’s “New Industrial Strategy”

Britain’s economy: PM Theresa May’s “New Industrial Strategy”

Theresa May

P.M. Theresa May

July 24, 2016 – The Economist

Theresa May, Britain’s prime minister, bucked political orthodoxy by elevating “industrial strategy” to the top of her new government’s agenda. She has indicated that her strategy will include raising Britain’s low productivity, pressing ahead with big infrastructure projects and scrutinising foreign takeovers. For now the policy remains somewhat inchoate, but already free-market types are worried.

Why “industrial strategy” is back?

THERESA MAY, Britain’s new prime minister, has certainly been bold, maybe even foolhardy, in some of her cabinet appointments. But she has been equally bold in elevating “industrial strategy” to the top of her new government’s agenda—a move that could mark a clear break with her predecessor’s governments.   Continue reading

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