tv British Prime Minister Theresa May Addresses London Lord Mayors Banquet CSPAN November 15, 2016 8:00pm-8:22pm EST
historians, biographies and archival photographs from each their lives. "first ladies" published by public affairs is available wherever you buy books. and now available in paperback. british prime minister theresa may delivered works at the lord mayor's banquet. prime minister may talked about britain's global leadership following the brexit vote and acknowledged the u.s. presidential election. this was her first time speaking before the banquet since becoming prime minister back in july. [ applause ] >> your grace, my lord chancellor, your excellencies, my lords, alderman, sheriffs,
chief commoner, ladies and gentlemen. we meet tonight in a world transformed. a year ago, few of us would have predicted the events ahead. a clear, determined decision to leave the european union and forge a bold, new confident future for ourselves in the world. and, of course, a new president-elect in the united states who defied the polls and the pundits all the way up to election day itself. change is in the air. and when people demand change, it is the job of politicians to respond. but it's also the job of those in positions of influence and power. politicians, business leaders and others to understand the drivers of that demand, too.
and i think that if we take a step back and look at the world around us, one of the most important drivers becomes clear. the forces of liberalism and globalization, which have held sway in britain, america and across the western world for years, have left too many people behind. let's be clear. those forces have had and continue to have an overwhelmingly positive impact on our world. liberalism and globalization have delivered unprecedented levels of wealth and opportunity. they've lifted millions out of poverty around the world. they've brought nations closer together. broken down barriers and improved standards of living and consumer choice. and they underpin the
rules-based international system that is key to global prosperity and security. and which i am clear we must protect and seek to strengthen. but we can't deny, as i know you recognize, that there have been downsides to globalization in recent years. and that in our zeal and enthusiasm to promote this agenda as the answer to all our ills, we have on occasion overlooked the impact on those closer to home who see these forces in a different light. these people, often those on modest to low incomes living in rich countries like our own, see their jobs being outsourced and wages undercut. they see their communities changing around them and don't remember agreeing to that change. they see the emergence of a new
global elite who sometimes seem to play by a different set of rules. and whose lives are far remuove from their everyday existence. and the tenseions from those gaining and those who feel they are losing out have been exposed ever more starkly through the growth of social media. so if we are to continue to make the case for liberalism and globalization, as we must, we have also to face up to and respond to these concerns. if we believe as i do that liberalism and globalization continue to offer the best future for our world, we must deal with the downsides and show that we can make these twin forces work for everyone. because when you refuse to accept that globalization in its current form has left too many
people behind, you're not sowing the seeds for its growth but for its ruin. when you fail to see that the liberal consensus that has held sway for decade has failed to maintain the consent of many people, you aren't the champion of liberalism but the enemy of it. when you dismiss the very real and deeply felt concerns of accord people, whether here at home or abroad, you're not acting to defend your world view but to undermine it. and there is no contradiction between embracing globalization and saying it has to be managed to work for everyone. indeed, as anti-globalization sentiment grows, it's incumbent upon those of us in positions of leadership to respond. to make sense of the changing world around us and to shape a new approach that preserves the best of what works and evolves
and adapts what does not. that is the true mark of leadership. not standing inflexibly, refusing to change and still fighting the battles of the past. but adapting to the moment, evolving our thinking and seizing the opportunities ahead. that is the kind of leadership we need today, and i believe that it is britain's historic global opportunity to provide it. so often over our long history, this country has set the template for others to follow. we have so often been the pioneer, the outrider that has acted to usher in a new idea or approach. and we have that same opportunity today. to show the world that we can be the strongest global advocate
for free markets and free trade. because we believe they are the best way to lift people out of poverty. but that we can also do much more to ensure the prosperity they provide is shared by all. to demonstrate that we can be the strongest global advocate for the role businesses play in creating jobs, generating wealth and supporting a strong economy and society. but that we can also recognize that when a minority of businesses and business figures appear to game the system and work to a different set of rules, the social contract between businesses and society fails. and the reputation of business as a whole is undermined. to show that our departure from the european union is not as some people have wrongly argued, written stepping back from the world, but an example of how a
free, flexible, ambitious country can step up to a new global role in which alongside the traditional trading blocs agile nation states like britain can trade freely with others according to what's in their own best interests and those of their people. this is a new direction, a new approach to managing the forces of globalization so that they work for all. and it is the course on which the government i lead has embarked. for over six centuries, this very banquet has celebrated the pioneering brilliance of our nation as a global champion of free trade. now as we leave the european union, i believe we can show the way forward again. first, for as long as we are members of the eu, we will continue to lead the way in pressing for an ambitious eu
trade agenda just as we have done in supporting the very welcome recent eu/canada deal. second, as we leave the european union, we will also use the strength and size of our economy to lead the way in getting out into the world and doing new business with old allies and new partners alike. we will use the freedoms that come from negotiate with partners directly to be flexible, to set our own rules and forge new and dynamic trading agreements that work for the whole uk. that is also why in our negotiations on leaving the european union, we' not trying to replicate the deal that any other country has with the eu. and we're not going for an off-the-shelf solution. all of us here tonight know that there's not some choice between hard brexit and soft brexit. it's about how business and government works together to get
the best deal, the right deal for britain and the right deal for businesses working across the continent. but third, to be the true global champion of free trade in this new modern world, we also need to do something to help those families and communities who can lose out from it. so government cannot afford to take a hands-off approach. we have to act to ensure that the prosperity delivered by free trade and free markets is shared by all. that's why in britain, we're developing a new industrial strategy that will seek to ensure working people in every part of the country can really benefit from the opportunities that trade brings. there are people with great new businesses and brilliant new inventions in every part of this country. huge undertapped potential. so our new modern industrial strategy will back the strengths
of every area. the great universities, clusters of dynamic businesses, the fast-growing start-ups so that all parts of our country and all parts of our society see the benefits of growth. this won't be about propping up failing industries or picking winners. that is the job of competition and free markets. it will be about getting britain firing on all cylinders again, by creating the conditions where winners can emerge and grow across all sectors, in all parts of the country and for the benefit of all. and i believe this can be a template that other nations can follow. as i argued at my first g20 summit earlier this year, we need every nation, developed and developing, to ensure that the benefits of trade are fairly shared. this will not just be good for them. it will enhance our own
prosperity, too. and it will be fundamental in maintaining global support for the free trade and open markets that we believe in. so there is a clear role for governments. but businesses have an important role to play in this new future, too. if you listen to some of my political opponents, you'd be forgiven for thinking that business is part of the problem. i am clear that for a global britain to thrive in a global economy, business is part of the solution. the economic recovery since the financial crisis almost a decade ago has shown what business can achieve with a record number of people in work and more businesses than ever. and businesses also at the forefront of driving social change around the world. as i saw firsthand on my visit to india last week. with british businesses, like
using technology to teach children to code and oxford nanopore, specialists in gene sequencing whose work could help dramatically reduce the costs involved in screening illnesses in india. so the government i lead is unequivocally and unashamedly pro business. we will not duck the big decisions on which your success depends. whether it's high-speed two, hinckley point or heathrow. we will ensure confidence and stability in our economy by continuing to cut the deficit and together with the work of our independent bank of england, support new opportunities for business to create jobs. we will do everything we can to make the uk outside the eu the most attractive place for businesses to invest and grow. already, by showing our commitment to the uk's future
competitiveness, we've skuecurea new deal in the northeast and a groundbreaking agreement with america that wales will not just be the european hub, but rather a global hub for maintaining, repairing, overhauling and upgrading the f-35 fighter aircraft. and as i've said, through our industrial strategy, we will proactively support the industries of the future, as well as those like financial services where we already have a world leading competitive advantage. and we will rebalance the economy. across sectors and geographical areas in order to spread wealth and prosperity around the country. but in return, it is right to ask business to play its part in ensuring we build a country that works for everyone. and the british business which is so often on the front line of our engagement with the world
and whose actions so often project our values in the world, is seen not just to do business, but to do that business in the right way. and i know many of you recognize this responsibility but others have voiced their suspicion of what they see as a growing anti-business agenda. i don't agree. it's because i believe so passionately in business that i say this. asking business to work with government, to play its part, is profoundly pro business because it's fundamental to retaining faith in capitalism and free markets. and again, it is britain. and specifically, many of you here in this room tonight who can lead the way in the world. the great history of our livery companies stems from the fundamental principle that
business is not just there to benefit business itself but also to advance the common good. since the 12th century, the gilds and livery companies have not only promoted trade and business, but also training and skills, research and innovation. they led by example, developing the simplest and best form of corporate governance there has ever been. my word is my bond. they built arms houses for members in sickness and old age and continued to take a lead in broader, charitable programs, giving over 48 million pounds to charitable causes last year alone. how different it is from the small minority that believe they can operate by a different set of rules and ruthlessly damage the entire business community in the process.
together we can forge a modern version of the responsible approach to business that's been chpd by our livery companies for generations. and in doing so, we can preserve and celebrate the power of business to create jobs and prosperity for us all. so at this moment of change, we must respond with calm, determined global leadership to shape a new era of globalization that genuinely works for all. we shall be confident about our ability to do so because british leadership is already playing a pivotal role in meeting so many of the global challenges that affect our security and prosperity. it is britain that's in the vanguard of the fight against global terrorism, working across borders to disrupt the networks terrorists use to finance their
operations and recruit to their ranks. and which just two months ago secured a first ever u.n. security council resolution on aviation security. it is britain that is the only country in the g20 to meet its commitment to spend 2% of gdp on defense and 0.7% on gross national income on overseas development. driving forward the implementation of the sustainable development goals to eradicate absolute poverty by the end of the next decade. it is britain that is a leading member of the coalition supporting iraq to defeat the scourge of daesh that has agreed to send 800 troops to estonia as part of nato's presence in eastern europe. that is supporting nigeria in the fight against boca haram and that is reinforcings it commitment to peacekeeping
forces in south sudan, somalia and kosovo. and it is britain that is leading the way in pioneering international efforts to crack down on modern slavery wherever it is found. time and again, it is british leadership, british hard and soft power that is at the forefront of how the world responds to the greatest challenges of our time. so i stand here confident that in facing these new challenges, once again, britain can lead. that together, we can shape a new approach to globalization, to enhance the prosperity of not just some of our citizens but all of our citizens. that together, by meeting this national moment with a truly national effort, we unite our whole country by making the uk a country that works for everyone.
that together we can rise to this moment and seize this great global opportunity of our time. to provide the leadership that will ensure the prosperity of your businesses, the success of our country, and the future of the world we want to leave for our children. so let us seize the moment, and let us do so together. [ applause ] c-span's "washington journal" live every day with news and policy issues that impact you. coming up wednesday morning, government reform subcommittee
chair congressman mark meadows will be on to talk about the election of donald trump. what it means for the republican party, key issues in the lame-duck session and the republican house agenda. then government reform subcommittee ranking member brenda lawrence will talk about michigan's prospects. and the standard contributor kathryn miles will talk about food inspection and why food-borne ill sentence hard to control. watch c-span's "washington journal" live at 7:00 eastern on c-span. join the discussion. now several panels from a day-long conference hosted by cq roll call analyzing the 2016 election results and the impact on health care, immigration and other domestic policy issues. this features the future of the affordable care act and if obamacare is repealed.