Tom Goodenough Tom Goodenough

What the papers say: Theresa May’s ‘betrayal’ of workers

Theresa May’s decision to row back on her pledge to put workers on company boards receives a mixed reception in the papers today. The Sun and the FT are among those to say it’s good that the PM has opted to change her mind. But the Guardian isn’t happy: calling the PM’s u-turn a ‘betrayal’. Here’s what the newspaper editorials are saying this morning:

The Sun heaps praise on Theresa May for her change in thinking about making companies have representatives of workers on their boards – a move it describes as ‘hasty and aggressive’. It says the PM is right to back down from an idea that would have been a ‘godsend only to the unions’. But while the Sun says binning this policy is a good move, it calls on businesses – and the CBI – to listen up to what the PM has to say about the ‘just managing’ class. ‘The decent treatment of staff has been overlooked by some firms for too long,’ the paper concludes.

The Daily Telegraph says Theresa May’s speech to the CBI yesterday makes it clear that she understands the need to reassure businesses thatBritain’s pro-enterprise climate will not only be maintained, but strengthened’ in the wake of Brexit. The paper says that her commitment to keep low business taxes is a welcome gesture, and it says Philip Hammond should stick to the target set by his predecessor, George Osborne, in reducing corporation tax down to 15 per cent. The paper goes on to say that while it’s understandable the PM would want to reach out to those parts of the electorate who have been ‘left behind’, it’s crucial to balance this perspective with not putting businesses off. It says that, after Brexit, it’s vital that caps on bonuses and corporate pay disappear – in order to allow post-Brexit Britain to compete with other countries around the world.

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