Theresa May Pledges State Intervention In Energy, Broadband And Housing

The prime minister said she would be “using the power of government to step in and repair the dysfunctional housing market”.

May also said quantitative easing, had “bad side effects” – suggesting it will be stopped.

She said: “People with assets have got richer. People without them have suffered. People with mortgages have found their debts cheaper. People with savings have found themselves poorer.”

She said under her, the Conservatives would take a “new approach that says while government does not have all the answers, government can and should be a force for good”

“The state exists to provide what individual people, communities and markets cannot and that we should employ the power of government for the good of the people.”

May said too foten “people who are supposed to hold big business accountable are drawn from the same, narrow social and professional circles”. And said the government would publish plans to have “not just consumers represented on company boards, but workers as well”.

The prime minister also claimed she wanted to tackle regional “division and unfairness” that existed “between the wealth of London and the rest of the country”.

Labour shadow cabinet minister John Ashworth said May was “appropriating Labour policies”.

“She talked about workers on boards, limited action to deal with energy prices and has abandoned the surplus target which we consistently warned would not be met,” he said.

“Labour will be watching closely to ensure these aren’t just more empty promises from a Prime Minister who has left the British economy with no fiscal framework and is pressing ahead with cuts to in-work benefits, and local authority funding. That’s not on the side of ordinary working class people it’s the same old Tories helping just the privileged few.”

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