Brexit: May warns business leaders not to fuel division by creating a ´global elite´
From the BBC section UK Politics - 3 hours ago
Media caption Theresa May: Some companies play by a different set of rules
Theresa May has told leaders at the World Economic Forum in Davos that the UK will be a "world leader" on trade.
But the prime minister also warned that inequality blamed on globalization was aiding the "politics of division".
Her speech to business leaders and politicians in Switzerland comes after EU leaders said a post-Brexit trade deal with the UK would be "difficult".
The European Commissioner for Economic Affairs, Pierre Moscovici, said Brexit would be bad for the UK and the EU.
Key message was on globalization
In her speech, Mrs May said the world was enjoying an "unprecedented level of wealth", but many people felt this was "not working for them".
Global elites needed to tackle the backlash against globalization, liberalism, and free trade because leaders who "embrace the politics of division and despair" were working to exploit the situation.
Mrs May said: "Talk of greater globalization can make people fearful. For many it means their jobs outsourced and their wages undercut. It means having to sit back as they watch their communities change around them.
"And in their minds, it means watching as those who prosper seem to play by a different set of rules, while for many life remains a struggle as they get by, but don't necessarily get on."
Analysis: A blunt message to the ´global elite´.
By Norman Smith, BBC assistant political editor:
I didn't expect Theresa May's speech to give so much emphasis to the downside of globalization and, with it, implicit criticism of the international elite.
She suggested that too many bosses were not playing by the rules of paying their taxes, taking on board their social responsibility or spreading the benefits of growth and wealth.
That's quite a tough message when you're talking about people in front of you.
Mrs May needs these people to be on board because they bring in billions of pounds of investment - she also needs them to be confident about Brexit.
Her message to the international elite was fairly blunt:
"You guys need to shape up the way you operate - we can't carry on as before."
Read the full article and view her speech: >
Soros and his global elite companions are starting to panick.
Administrator
THE OTIUM POST
From the BBC section UK Politics - 3 hours ago
Media caption Theresa May: Some companies play by a different set of rules
Theresa May has told leaders at the World Economic Forum in Davos that the UK will be a "world leader" on trade.
But the prime minister also warned that inequality blamed on globalization was aiding the "politics of division".
Her speech to business leaders and politicians in Switzerland comes after EU leaders said a post-Brexit trade deal with the UK would be "difficult".
The European Commissioner for Economic Affairs, Pierre Moscovici, said Brexit would be bad for the UK and the EU.
Key message was on globalization
In her speech, Mrs May said the world was enjoying an "unprecedented level of wealth", but many people felt this was "not working for them".
Global elites needed to tackle the backlash against globalization, liberalism, and free trade because leaders who "embrace the politics of division and despair" were working to exploit the situation.
Mrs May said: "Talk of greater globalization can make people fearful. For many it means their jobs outsourced and their wages undercut. It means having to sit back as they watch their communities change around them.
"And in their minds, it means watching as those who prosper seem to play by a different set of rules, while for many life remains a struggle as they get by, but don't necessarily get on."
Analysis: A blunt message to the ´global elite´.
By Norman Smith, BBC assistant political editor:
I didn't expect Theresa May's speech to give so much emphasis to the downside of globalization and, with it, implicit criticism of the international elite.
She suggested that too many bosses were not playing by the rules of paying their taxes, taking on board their social responsibility or spreading the benefits of growth and wealth.
That's quite a tough message when you're talking about people in front of you.
Mrs May needs these people to be on board because they bring in billions of pounds of investment - she also needs them to be confident about Brexit.
Her message to the international elite was fairly blunt:
"You guys need to shape up the way you operate - we can't carry on as before."
Read the full article and view her speech: >
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Thursday 19 January 2017 21.11 GMT
First published on Thursday 19 January 2017 07.35 GMT
First published on Thursday 19 January 2017 07.35 GMT
Davos 2017: Soros says UK in denial over Brexit, and May won't last – Day Three as it happened
Billionaire George Soros tells a dinner in Davos that inflation will drive down living standards in UK, that Trump will fail, and that Europe is too complicated
Soros on Brexit
Here are some of the key quotes from George Soros, for those who missed his interview here in Davos tonight (delegates are now polishing off the pudding and wine in the Seehof Hotel)
" In my opinion is is unlikely that prime minister May is actually going to remain in power. Already she has a very divided cabinet, a very small majority in parliament.And I think she will not last.
At the moment the people in the UK are in denial. The current economic situation is not as bad as was predicted, and they live in hope.But as the currency depreciates, and inflation will be the driving force, this will lead to declining living standards.
This is going to take some time, but when it does happen they’ll realise that they are earning less than before because wages won’t rise as fast as the cost of living.
The divorce is going to take a very long time. Its much harder to divorce than to get married, so I think the desire for rapprochement will develop, and in theory or maybe even in practice you could have a situation in 2019 or 2020 when Britain will leave the EU because it does have to take place, but they could leave on a Friday but join over the weekend and have the new arrangement in place in Monday morning.
Billionaire George Soros tells a dinner in Davos that inflation will drive down living standards in UK, that Trump will fail, and that Europe is too complicated
Soros on Brexit
Here are some of the key quotes from George Soros, for those who missed his interview here in Davos tonight (delegates are now polishing off the pudding and wine in the Seehof Hotel)
" In my opinion is is unlikely that prime minister May is actually going to remain in power. Already she has a very divided cabinet, a very small majority in parliament.And I think she will not last.
At the moment the people in the UK are in denial. The current economic situation is not as bad as was predicted, and they live in hope.But as the currency depreciates, and inflation will be the driving force, this will lead to declining living standards.
This is going to take some time, but when it does happen they’ll realise that they are earning less than before because wages won’t rise as fast as the cost of living.
The divorce is going to take a very long time. Its much harder to divorce than to get married, so I think the desire for rapprochement will develop, and in theory or maybe even in practice you could have a situation in 2019 or 2020 when Britain will leave the EU because it does have to take place, but they could leave on a Friday but join over the weekend and have the new arrangement in place in Monday morning.
One has to recognize that the European Union has become too complicated and people are alienated. The anti-European parties are gathering force.”
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