September 21, 2018

Theresa May is heading towards a soft Brexit supported by Philip Hammond

04 October 2017, 12:20 | Rodolfo Wallace

GETTYTheresa May'ready to give European Union better Brexit deal

Theresa May

Speaking at the conference, the UK Chancellor of the Exchequer Philip Hammond defended capitalism and said that "the process of negotiating our exit from the European Union has created uncertainty so investment has slowed as businesses wait for clarity".

Labour's leaders, he said, "openly proclaim their ambition to demolish our successful modern market economy and replace it with a back-to-the-future socialist fantasy with hundreds of billions of extra debt for the next generation to pay".

"While no-one suggests a market economy is ideal, it is the best system yet designed for making people steadily better off over time and underpinning strong and sustainable public services for everyone".

The Prime Minister has performed a huge U-turn on university tuition fees in an attempt to woo back voters after they deserted the Tories and flocked to Jeremy Corbyn. "Every country except North Korea, Venezuela, Cuba and Zimbabwe has adopted that system".

The chancellor will contrast his vision for the economy with that of his Labour counterpart, John McDonnell.

Hammond called on companies in the list the investments and improvements that had been deferred because of Brexit and that they're prepared to make once a deal is reached.

Around thirty arrested in Sweden during an extreme right rally
The NMR later demanded that its leader who had been detained, Simon Lindberg, be released before they would leave the square. Black-clad demonstrators bearing shields and waving the group's green-and-white flag marched in the city's center.

Las Vegas concertgoers hid in a freezer during the mass shooting
He is someone regularly mentioned as a potential candidate for the Democratic presidential nomination in 2020. Monday's attack came just weeks before the five-year anniversary of the Sandy Hook school shooting.

Marilyn Manson cancels tour dates after injury, including Saturday's Camden stop
A statement from Manson's rep indicates he was treated at a NY hospital and plans to recover at his Los Angeles home. Video of the incident shows crew immediately run and lift the prop off him, although he does not immediately get up.

"We saw Labour in the raw, exposed for what it has sadly become: a party taken hostage by a clique of hard-left extremist infiltrators, people who despise Britain's values and talk down our country", Hammond told Conservative Party activists.

"While small firms did not expect detail in a party conference speech, they will want to see progress on each of these areas in the Budget next month and through the announcement of the new Small Business Commissioner".

Business groups welcomed Hammond's defence of free markets, but said the government needed to do much more.

The row is dominating the Conservative Party conference in Manchester, with the British Chamber of Commerce director-general Adam Marshall saying businesses have huge concerns over the "division and disorganisation at the heart of the party of government".

Branding the party "a political version of Jurassic Park", he told delegates: "They say politics is about the clash of ideas, so we say to Corbyn: bring it on".

Hammond will also confirm a 300 million-pound ($400 million) investment to connect cities to the planned HS2 high-speed rail route, reducing travel times between centers such as Liverpool, Manchester, Sheffield, Leeds, York and Leicester.

Other News

Trending Now

Kashmir: BSF camp in Srinagar attacked, one militant killed
The decision on resuming air traffic will be taken by the Airports Authority of India and the concerned airlines. Meanwhile airports in metro cities have been put on high alert as a precautionary measure.

Walmart, honing same-day delivery skills, buys NYC's Parcel
Walmart acquired in 2016, an Amazon competitor that offers everything from fresh groceries to household supplies. In addition to its workforce, Parcel operates an in-house fleet of leased and rented vehicles to manage delivery needs.

Rio Ferdinand admits that he's 'not looking to have a boxing career'
The defender hasn't featured for the Red Devils in the Premier League this season and was left out of the squad that won 4-0 over Crystal Palace on Saturday, only appearing off the bench against Burton in the Carabao Cup last month.

Militants attack Indian forces in Jammu-Kashmir
Police say that a body, suspected to be that of one of the attackers, has been found so far, the Press Trust of India reported. Two children were killed Monday during an exchange of gunfire between Indian and Pakistani troops, Indian authorities said.

Walmart accidentally opens Google Home Mini up for pre-orders
The listing was created by reseller Synnex, and has details about the new Chromebook Pixel as well as the Clips. The Google Assistant-powered speaker was listed for pre-order at $49 and is expected to arrive on October 19.

Goldman Family Resumes Pursuit of a Freed OJ Simpson
Kim Goldman said on "GMA" in July that when Simpson is released, "We're going to go back to doing what we've done". Simpson , 70, was released in the middle of the night on a weekend to avoid creating a media circus, Keast said.

Music Legend Tom Petty Dies At Age 66
The musician was rushed to hospital on Monday after being found unconscious at his home in California but died later that night. He had just wrapped up a summer tour with his band, Tom Petty and the Heartbreakers , at the Hollywood Bowl on September 25.

First victim of Las Vegas shooting identified by his family
Heather Gulish Melton, who spoke with the radio station WYCB . "At this point, I'm in complete disbelief and despair". Finch said administrators learned about Smith's death overnight, and mobilized their crisis counseling team.

Palestinian PM Vows to Take Full Responsibility for Gaza
About 430,000 Israeli settlers live among 2.6 million Palestinians in the West Bank, occupied by Israel in the 1967 Six Day War. Israel has held peace talks with Palestinian President Mahmoud Abbas, who heads Fatah, but considers Hamas a terrorist group.

Josep Maria Bartomeu: 'Empty ground an act of defiance'
Barcelona's Camp Nou, Europe's largest stadium, is often used as a rallying point for Catalan nationalists. Apparently, Barca had handed in a request to the Spanish Football Federation (RFEF) to postpone the game.