Published: Sun, October 07, 2018
Markets | By Jeffery Armstrong

Has Theresa May promised to end austerity?

Has Theresa May promised to end austerity?

His remarks came one day ahead of the long-expected speech of the Prime Minister May at the Conservative Party conference in Birmingham.

Mr Johnson, the former foreign secretary, packed a 1,500-seater hall on the fringe of the conference and delivered a speech in which he said Mrs May's Brexit blueprint was not "taking back control" but "forfeiting control".

On the eve of her speech, Boris Johnson infuriated the prime minister with a cultivated media scrum and then delighting his supporters with a speech in which he set out his personal Tory leadership manifesto and savaged her Chequers plan.

At the same time, she insisted her Chequers plan was the only proposal that would honour the referendum vote to leave the European Union while avoiding the return of a hard border between Northern Ireland and the Republic.

And there are signs today that she is preparing to make further concessions to Brussels in a bid to unblock the Brexit talks.

So when we've secured a good Brexit deal for Britain, at the Spending Review next year we will set our approach to the future: debt as a share of the economy will continue to go down, support for public services will go up. And May and the other Conservatives, I think they know they need to stick together. "We are trying very hard to avoid these circumstances arising", he told ITV's Peston show. And our message to them must be this: "we get it", May said.

Johnson has repeatedly criticized May, calling the prime minister's Brexit plan "deranged", while Hunt caused a furore by comparing the EU to the Soviet Union, although he backtracked on the comments when speaking to CNBC on Tuesday.

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It continued: "By publicly pretending to back Theresa May after verbally chucking her under the bus, he showed himself as a yellow-bellied coward".

May also joked about her disastrous speech to the conference past year, in which she couldn't stop coughing and a sign fell behind her.

Forty-eight legislators would need to write such letters to trigger a vote of confidence in the leader.

But Wednesday's speech seemed to have gone down well among the party faithful.

It was one of the biggest speeches of her political career.

She said: "And to all businesses - large and small - you may have heard that there is a four-letter word to describe what we Conservatives want to do to you".

European Union leaders have also rejected her proposal for Britain to remain closely economically aligned with the bloc, and gave her until a summit on October 18 to rework it.

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"It is no surprise that we have had a range of different views expressed this week", she said.

The British prime minister poked fun at her Maybot image as she got her groove on to Abba's Dancing Queen - mocking her dance moves from a recent trip to Africa - before appealing to the party to get behind her.

Here we look at who came off best from this week's shindig, who came off worst.

If May accepts the invitation, she will have a chance to convince her peers a breakthrough in the search for a negotiated Brexit is possible and a deal can be finalized before Britain leaves the bloc at the end of March.

With no agreement with the bloc over the terms of divorce or a future trade relationship, the last day of the conference marked the beginning of what some officials predict will be a frenzied couple of weeks of diplomacy between London and Brussels as the two sides try to pin down a deal. This included what she said was his "tearing up" of a guarantee to the people of Northern Ireland.

There was no mention of the ex-foreign secretary, who won thunderous applause from 1500 activists as he called on her to "chuck" the Brexit plan agreed at her country residence in July.

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