🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Shares

May promises to help small businesses navigate Brexit

Published 04/08/2016, 14:56
© Reuters. Britain's Prime Minister Theresa May speaks with a worker as she visits a joinery factory in London

LONDON (Reuters) - British Prime Minister Theresa May will tell small business owners on Thursday that she wants to help them take advantage of the opportunities provided by Britain's vote to leave the European Union.

The June 23 Brexit vote has raised serious questions about the future of the world's fifth largest economy, with some surveys indicating a recession, a hit to consumer confidence and a possible fall in investment.

May is pitching a plan to reunite the country and strengthen her grip on power by raising the prospects of those who she casts as "hard-working people" together with an industrial policy that she hopes will help the economy.

The new prime minister will meet representatives from Britain's 5.4 million small and medium sized businesses at Downing Street on Thursday, her office said.

"From dynamic start-ups to established family firms, our small and medium sized businesses are the backbone of our country," May said in remarks released by her office ahead of the meeting.

"I want to build an economy that works for all, and that means working with, and listening to, smaller firms," May said.

"I also want those firms, across all the sectors of our economy, to be able to take advantage of the opportunities presented by Brexit, such as exporting to new destinations."

May has said the Brexit vote indicates a deep desire among voters for change to the way the economy is run.

© Reuters. Britain's Prime Minister Theresa May speaks with a worker as she visits a joinery factory in London

She has promised to foster what she says is a fairer economy and to overhaul corporate governance, crack down on tax evasion and avoidance, boost productivity and give the UK government a way to block foreign takeovers.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.