Thursday, 29 June, 2017

Theresa May Unveils Tory Manifesto

Kenny Thornton | 19 May, 2017, 19:04

The Conservatives give no date to reach the goal.

But many economists say the "tens of thousands" target is arbitrary and economically damaging.

British Prime Minister Theresa May urged voters to "strengthen my hand" in Brexit talks and vowed to cut immigration as she unveiled her Conservative Party's manifesto on Thursday ahead of a general election.

"So, these kind of double standards of the Tory party that there's one law for us and another for Scotland, it just won't do".

The U.K.'s Conservative Party officially pledged on Thursday to leave both the European Union's single market and the customs union when Britain exits the bloc, extinguishing any lingering hopes in the financial sector for a so-called soft Brexit.

"I think this is absolutely sick and sneaky", he said. "We reject the cult of selfish individualism".

The new measures would see pay awards of top bosses face "strict annual votes by shareholders", while publicly owned firms will have to publish the pay ratio between the board and their workforce.

Trinamul MP Sudip Bandyopadhyay gets bail
The bench had reserved the order on his bail plea after hearing arguments of both the prosecution and defence on May 8. Sudip's counsel had pleaded in court that the politician was in no way involved in the scam.

May said she stood within the mainstream of Conservative party thought, rejecting suggestions she had a distinctive personal approach or wanted to be compared with Thatcher.

"I am determined to cut the cost of living for ordinary working families, keep taxes low and to intervene when markets are not working as they should", May wrote in The Sun, Britain's most popular newspaper.

May, who became prime minister after Britain voted to leave the European Union last June, faced one of her first major challenges when she gave the go-ahead for a $24 billion plan for a Chinese-backed nuclear power plant in southwest England.

"Any nationalist agenda aimed at restricting ownership or transfer of ownership is clearly negative for markets and will make it harder for United Kingdom firms to achieve the valuations they deserve", said Gianluca Ferrari, analyst and portfolio manager at Shareholder Value Management.

Theresa May's manifesto showed the Tories had returned to being the "nasty party", Labour said as it warned 10 million pensioners would lose their winter fuel payments under her plans.

May has cast the Brexit vote as a "quiet revolution" that exposed the failings of modern Britain in a way that can no longer be ignored by a leader who looks back to Thatcher, Winston Churchill and Clement Attlee for inspiration.

There are signs that Brexit could already be hitting the economy, such as quickening inflation, and May and her finance minister, Philip Hammond, are keen to gain some flexibility.

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