May says Britain still inspires confidence post-Brexit

British Prime Minister Theresa May arrives for a press conference held at the end of the G-20 summit in Hangzhou, in eastern China’s Zhejiang province, Monday, Sept. 5, 2016. But despite over two decades in politics, May is largely unknown on the other side of the Atlantic.

During the June 23 referendum, 17.4 million people, or 51.9 percent of the electorate, voted to leave the European Union while 48.1 percent, or 16.1 million people, voted to stay.

During her first G20 summit in Hangzhou, May emphasised that five big economies had made efforts to initiate trade talks with Britain, following the warnings from Japan and USA president Barack Obama.

“Workers and businesses want to know much more about the Government’s direction of travel”. Forty-eight percent of voters opted to stay in the bloc.

He faced questions – including from former Tory minister Nicky Morgan – about the importance of retaining access to the European Union single market, saying he did not accept this would involve a “necessary trade-off” with accepting the free movement of people. By the end of 2014, Japan had investments in the United Kingdom valued at 38 billion pounds ($51 billion). She has made clear that freedom of movement won’t be allowed to continue.

Britain is hoping to use Brexit as an opportunity to negotiate new free trade deals around the world.

At the G20 summit in China, May said a number of countries, including South Korea, Mexico and Singapore, have expressed a willingness to strike deals with the United Kingdom.

“It is very hard to imagine that the Japanese companies and the auto companies will be pulling out in totality from the United Kingdom”, the country’s ambassador, Koji Tsuruoka, told the BBC. “No attempt to engineer a second referendum because some people didn’t like the first answer”, he told UK MPs on Monday.

When Labour introduced a points-based immigration system, the numbers went straight up.

May also declined to commit, when asked, to Leave campaign promises to increase healthcare spending and reduce energy taxes.

Remain campaigners also seized on May’s comments as a sign that people who voted for Brexit had been misled.

However, her view directly contradicts the views put forward during the referendum campaign by Boris Johnson, who now serves as May’s Foreign Secretary, who was among the first leading Brexiteers to propose the policy.

On Wednesday, the United Kingdom parliament’s second house, the House of Lords, will listen to evidence on the potential impact from Brexit on financial services, which are a major contributor to the British economy.

The BRC said that on a like-for-like basis, stripping out changes in the amount of retail space open to shoppers over the past 12 months, sales fell by 0.9 per cent in August versus a year ago, compared with a 1.1 per cent increase in July.