Published: Сб, Мая 20, 2017
Money | By Armando Alvarado

May surprises with change of policy on care for the elderly


The Conservative election manifesto renews a promise to reduce net immigration to below 100,000 - a vow the party has made and broken since 2010. She said leaving the European Union offers the chance to build "stronger, fairer, more prosperous Britain" based on "a new contract between government and people".

The manifesto outlines five main challenges, one is "Brexit and a changing world", as the text unwittingly makes the case for remaining in the EU: "As there is increasingly little distinction between domestic and global affairs in matters of migration, national security and the economy, Britain must stay and strong and united - and take a lead in the world to defend our interests". In other words, Theresa May is committed to trying to achieve what the United Kingdom has already achieved through its European Union membership - an achievement that it is about to throw away. "It means making Britain a country that works, not for the privileged few, but for everyone", she said, adding that her party's manifesto reinforces the Conservative stance as a "low tax party".

Prime Minister Theresa May will pitch selected market intervention, looser fiscal policy and more welfare cuts as the tonic Britain needs to navigate Brexit when she unveils her main pre-election pledges on Thursday.

The Conservatives promise not to raise sales tax, but abandon a previous pledge not to increase income tax, while stressing they remain "the party that keeps tax as low as possible".

Steve Webb, director of policy at Royal London, said: "If these changes are implemented, more families will be at risk of seeing a large part of the value of their home wiped out by care costs later in life".

She also took aim at better-off pensioners as she pledged to means test the winter fuel allowance and ask pensioners with more than £100,000 in assets to pay for their social care - be that residential or at home.

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Winter fuel subsidies will scrapped for wealthy pensioners.

May is often compared to Britain's only other female prime minister, Margaret Thatcher, who transformed the country with pro-market policies that came to be dubbed "Thatcherism". However, May's political philosophy appears strikingly different.

Using the manifesto forward to "reject the cult of selfish individualism", Mrs May said her version of "true conservatism means a commitment to country and community; a belief not just in society but the good government can do".

May past year praised free markets and free trade in a speech to party activists, but also said that she would be prepared to intervene where markets were deemed dysfunctional or where companies were exploiting the failures of the market.

Launching her manifesto in the North West Labour seat of Halifax, Mrs May said she wanted to build "a great meritocracy" and pledged to tackle the "five great challenges" facing Britain.

"I know you journalists like to write about it, but there is good solid conservatism which puts the interest of hard working people at the heart of everything we do in government", she said.

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