Theresa May will warn world leaders in Davos today that they must listen to those who feel left behind by globalisation.
The
Prime Minister will use her first appearance at the exclusive gathering
to say that Brexit was a response to people feeling dispossessed.
In
her speech at the Alpine resort, Mrs May is set to echo the words she
used when taking office, when she spoke of governing for the many rather
than a "privileged few".
According
to Downing Street sources, Mrs May will say that globalisation and free
markets have delivered wealth and prosperity for millions but that many
others had experienced its downsides, such as having their jobs
outsourced, wages undercut and their communities rapidly changed.
:: December - Bank of England governor Mark Carney makes globalisation warning
A
source told Sky News the message "won't be combative" but said: "The PM
is reflecting themes she's spoken about before - that change has to
come in order to benefit who have been left behind."
Mrs
May declared in her Brexit plan this week that Britain would be leaving
the single market but that she intended to strike a free trade deal
with Europe which would protect jobs and living standards.
Her
speech at Davos will be aimed at drumming up trade and investment, as
she plans to tell world leaders that Britain is set to "rediscover" its
role as a "great, global trading nation" outside Europe.
Modern
slavery will also feature in the speech, the first time the issue -
which the Prime Minister has long highlighted and has described as a
"barbaric evil" - has been raised at the World Economic Forum.
World
leaders and captains of industry will be urged by the Prime Minister to
eliminate the scourge which affects around 45 million people worldwide,
but is often hidden in complex supply chains.
On becoming Prime Minister, Mrs May listed modern slavery as one of the issues which made her angry.
Two years ago, as Home Secretary, she brought in a Modern Slavery Act in Britain to tackle it.
Mrs
May's Brexit plan had a mixed reception in Europe, and the Prime
Minister will have bilateral meetings with other leaders in the margins
of the summit to discuss trade deals.
But
her speech comes just hours after a blow to the City - as Europe's
biggest bank HSBC announced plans to move 1,000 UK-based jobs to Paris
in two years' time when Brexit comes into effect.
HSBC
is the first bank to outline job losses but the news follows a leaked
warning from JP Morgan that Mrs May's threat to walk away from Europe if
we do not secure a good deal is "dangerous for jobs".
The
move will trigger fears about a wider exodus from the financial sector,
which accounts for 12% of Britain's economy and employs over two
million people.
Insurance
giant Lloyds of London has already warned it will need a subsidiary in
Germany or Holland to do business post-Brexit and UBS (LSE: 0QNR.L - news) is also considering moving some staff to mainland Europe.
Theresa May's speech in Davos will be live on Sky News Sunrise from 9am.
Sky News.
Culled from Yahoo News.
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