Published: Sat, May 20, 2017
Business | By Max Garcia

May unveils Conservative manifesto, vows to cut immigration

Sir Andrew Dilnot, first recommended that people pay no more than £35,000 for their social care in his report to the Coalition Government in 2011 and has expressed his dismay over the absence of a social care cap.

Mrs May said she was maintaining Mr Cameron's controversial target to reduce net immigration below 100,000 - something she failed to do in six years as home secretary.

Many Britons who voted previous year to leave the European Union were motivated by a desire to control immigration, which has soared as the EU has expanded.

Mrs May described the June 8 election as a "defining moment" for the country, but the manifesto launch was also a defining moment for the Conservative Party as the Prime Minister's interventionist policies and passionate rhetoric about the power of government put her further to the left than any post-Thatcher Tory leader.

But she said: "If we succeed, the opportunities ahead of us are great". The Conservatives give no date to reach the goal.

"The Conservative manifesto has an Achilles heel - in a global race for talent and innovation United Kingdom firms risk being left in the starting blocks because of a blunt approach to immigration", she said.

In Britain, the heads of the biggest companies earn around 400 times more than a worker on the minimum wage.

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

May goes into next month's snap national election she called with opinion poll ratings that indicate she may win a landslide comparable with her Conservative predecessor Margaret Thatcher's 1983 majority of 144 seats in the 650-seat parliament. "We reject the cult of selfish individualism". Her manifesto includes some ideas more reminiscent of center-left Labour than traditional Conservative policies.

Under May's plans - set out as she negotiates a divorce from the European Union that could change the face of the $2.6 trillion economy - executive pay packages would be subject to strict annual shareholder votes and listed companies would have to publish the ratio of executive to average pay.

Overall the party promised to build 1.5 million homes by the end of 2022, crack down on rising ground rents and increase security for good tenants by encouraging landlords to offer longer tenancies as standard.

She said: "You may be too scared to come here tonight, for your U-turns to be highlighted, for your cruel policies to be exposed".

"We will leave the European Union and take control of our money, take control of our borders, take control of our laws", she said to applause from the audience of local activists and members of her cabinet.

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

Hammond has previously said he would aim to put public finances back in the black as soon as possible after 2020.

Instead, though, Mrs May seems to have fallen victim to some kind of Downing Street coup by hard-line Tory Brexiteers, gleefully convinced that that 52/48 per cent vote in June a year ago means that the British have turned into a nation of diehard xenophobes who would never tolerate any arrangement that allowed freedom of movement.

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