May Defends Free Market Capitalism

Theresa May has defended free market capitalism in a speech marking 20 years since the Bank of England was given the right to set interest rates.

Mrs May said the British people should never forget the value of a free market economy.

She also restated her determination to be tough on public spending despite political pressure to ease austerity.

“Continuing to deal with our debts,” is the way to strengthen the economy, she said.


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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam
Craig Erlam

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