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PM May maps out bigger role for state in corporate Britain

Reuters  |  HALIFAX, England 

HALIFAX, England (Reuters) - Prime Minister Theresa May promised to clamp down on executive pay, give workers a say on strategy and make it harder for foreign firms to take over British ones, as she set out pre-election plans to give the state more influence over corporate Britain.May's Conservatives have for decades encouraged a low-key approach to corporate regulation, but the prime minister said trust in Britain's biggest companies had been damaged by soaring executive pay and several mismanaged takeovers. "We do not believe in untrammelled free markets," the party said in its manifesto ...

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First Published: Thu, May 18 2017. 22:38 IST