Theresa May to unleash huge dig at Corbyn’s socialist revolution speech at Bank of England
THERESA May is to defend capitalism and the free market hailing the system as the “greatest agent of collective human progress” while ridiculing the Labour leader’s socialist agenda following his radical Left-wing speech at the party conference.
Labour party conference give Corbyn a RAPTUROUS welcome to the stage
The Prime Minister will insist today only capitalism could serve “ordinary people” after Jeremy Corbyn vowed to unleash a taxpayer-funded socialist revolution in the UK.
Mrs May said: “A free market economy operating under the right rules and regulations is the greatest agent of collective human progress ever created.
“It is unquestionably the best, and indeed the only sustainable means of increasing the living standards of everyone in a country.
“And we should never forget that raising the living standards, and protecting the jobs, of ordinary working people is the central aim of all economic policy.”
Greeted by jubilant crowds chanting their leader’s name, Corbyn claimed Labour were “on the threshold of power”.
He conceded “we didn’t quite achieve enough and remain in opposition” before adding optimistically “but we have become a government in waiting”.
It would damage our economy, threaten jobs and hurt working people
After an hour and fifteen minutes in which the veteran Left-winger outlined plans for rent controls, robots and Brexit the crowd marked the end of the speech by singing The Red Flag.
In another attack on socialism, the Tory leader claimed economic policy should allow future generations to live “more secure” lives rather than serve an “abstract doctrine or an ideological concept”.
Mrs May comments were revealed ahead of a speech to mark the Bank of England’s 20th anniversar. They were seen as a direct attack on Corbyn’s speech in Brighton.
After missing Corbyn’s speech to watch the cricket the Prime Minister described a free market and capitalism as the “greatest agent of collective human progress”.
The Prime Minister, who started out as an executive officer in the Bank of England, will give her speech in the run-up to the Tory’s own conference.
Ahead of the conference pressure continues to mount from inside and outside of the party to find more money to end the public sector pay cap, cut tuition fees and invest in the NHS.
But Mrs May backed her party’s “balanced approach” saying that “abandoning” it could backfire.
She said: “It would damage our economy, threaten jobs and hurt working people.”