Britain's Prime Minister Theresa May gives her speech on the final day of the annual Conservative Party Conference in Birmingham, Britain, October 5, 2016. REUTERS/Darren Staples
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For Prime Minister Theresa May, Britain's vote to leave the European Union is a demand for the biggest change in at least a generation in the way the United Kingdom is run.May, who said the poor had made the biggest sacrifices since the 2008 global financial crisis, said Britain needed selective schools to help talented poor students, a new industrial strategy, workers on company boards and more house-building.May is an unlikely radical, but her words indicate she plans some of the biggest changes to British society since Thatcher's 1979-1990 premiership, even as she embarks on one of the most complex negotiations in recent European history: Britain's EU exit.May's rhetoric spooked investors who have started to bet that Britain is facing a "hard Brexit," meaning it will give up trying to remain in the EU's single market in order to impose controls on immigration from the other 27 EU member states.While May said that financial services were one of many strategic sectors, two financiers who declined to be identified said it had been made clear to them by a government minister that their concerns over being able to sell into EU markets after Brexit were overblown.
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