Economia

May pledges to tackle 'giant challenges' with Tory manifesto

May pledges to tackle 'giant challenges' with Tory manifesto

Marking a departure from the free market ethos pursued by the Conservatives for decades, May said governments had a role to play in overseeing how companies were run.

But the prime minister, an initial opponent of Brexit who won the top job in the political turmoil that followed last summer's referendum vote, has so far given few details on what she aims to do if she wins the June 8 vote. I know you journalists like to write about it.

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.

It is clear from the intro that there is one issue at stake in this election - Brexit: "Brexit will define us: our place in the world, our economic security and our future prosperity" - never were truer words spoken.

Launching its manifesto on Thursday, the party said the charter would encourage technology businesses and the online commerce sector, as well as provide for access to talent from overseas and handling security online.

Unveiling her programme in the Tory target seat of Halifax, West Yorkshire - close to the venue for Labour's manifesto launch in Bradford two days before - Mrs May said Britain was facing the most challenging period in the past 60 years.

Curbs on excessive executive pay, stiff rules to govern pension abuse and British sovereign wealth funds from shale revenue are among a bevy of new business measures Theresa May is proposing if re-elected as Prime Minister.

The Conservatives reject Scottish leader Nicola Sturgeon's call for a new vote on independence before Brexit.

She has promised fundamental - though yet to be detailed - reforms to fix problems ranging from arrogant elites and venal bosses to workers' rights, immigration and Britain's obsession with class privilege.

But there are signs that Brexit could already be biting the economy, such as quickening inflation.

Under existing plans, the deficit is projected to fall to 0.7 percent of gross domestic product by 2021/22, from 2.6 percent of GDP in the last financial year.

To help pay for social care, Theresa May also intends to scrap winter fuel payments for better-off pensioners by introducing means-testing to ensure only the poorest pensioners receive the payments.

The Prime Minister's election manifesto declared that her Government would achieve this by "pushing internet companies to deliver on their commitments to develop technical tools to identify and remove terrorist propaganda".

Mrs May tore up David Cameron's 2015 "tax lock" pledge not to raise income tax or national insurance.

On immigration, May will stand by a pledge to bring it down to the tens of thousands, but will provide no deadline.

Britain's ruling Conservative Party has pledged to double the amount companies must pay to employ migrant workers should it be re-elected, and said that it would "continue to bear down on immigration from outside the European Union".