Theresa May has vowed to beat the U.S. President Donald Trump in a race of £1billion race to host the world’s biggest sale in the stock market. For those who are still unfamiliar with Theresa May, she is a British politician that serves as the Prime Minister of the United Kingdom and Leader of the Consecutive Party since 2016. She was elected first as the Member of Parliament for Maidenhead in the general election way back in 1997.
The boast of the Prime Minister came even before the Saudi Arabia’s Crown Prince Mohammad bin Salman three-day visit to the Middle East.
The heir to the Saudi throne is 32 years old MBS who plans to overhaul the economy of Saudi Arabia but his ambition hinges on the sale of Aramco shares. The said shares are worth up to £100billion. Theresa May desperately wants London to host the largest float in history and lobbied for the business in Riyadh. It has an estimated £1billion of fees that are at stake.
The U.K. Prime Minister boasted that London was even ‘extremely well placed’ to seal the deal as £1billion of fees that was at stake. The Prime Minister faces stiff competition from the U.S. President Donald Trump who also made a public pitch for the listing the previous week. President Trump tweeted that the U.S. would very much appreciate Saudi Arabia doing their float of Aramco with the New York Stock Exchange.
The stakes were raised when Theresa May told the reporters ahead of the said dinner that she was confident London was ‘extremely well placed’ to seal the deal. The ‘well placed’ statement is not only of its importance as the center for international finance but also technically in relation to Aramco. She recalled coming out to the Gulf earlier in the year, it was spring in April, where Xavier Rolet from London Stock Exchange accompanied her. They met a number of ministers and discussed the advantages that London has and she will continue to raise her visit.
It can be recalled that PM Theresa May has said that tackling the far right is just as important as dealing with Islamist terrorism in the middle of a deepening crisis in diplomacy sparked by The U.S. President by promoting the extremist Britain First group. The Prime Minister said in public that Trump had been wrong to share anti-Muslim videos that were published by a leading figure in the far-right organization. The Ambassador of U.K. also ‘raised concerns’ regarding the White House over the issue that led to the debate in the House of Commons on Thursday.
Theresa May still rejected the growing clamor to cancel the President’s state visit and insists her commitment to keeping the special relationship between the United Kingdom and the United States. President Trump hit back the Prime Minister on Twitter and told her not to focus on his actions but on the Islamist terrorism in the U.K., even adding that they are just fine.
PM Theresa May was in Jordan on the final day of her official visit to the Middle East when she condemned Britain First as a “hateful organization” dedicated to spreading division and mistrust. She even added that it was essential to deal with terrorism and extremism from whatever source it comes knowing that Mr. Trump has been criticized in the past for his reluctance to condemning the far right in the United States.
The Special Relationship
Globalists cling to a small hope that May and Trump weren’t really serious. The new British PM had said a little something about quitting the European Union. Meanwhile, Trump occasionally tweets and says things that don’t sound totally insane to both men and women who frequently attend the annual gathering of global elites in Davos, Switzerland. Traders discounted the threat that Trump represented to the global order that Wall Street had exploited to enrich itself and stock markets have to records.
Those hopes were crushed. Theresa May declared that she would aim a clean break from the European Union. She even told her counterparts that she would make their lives difficult by slashing British tax rates if good deals aren’t on the table. Recent events have crushed those hopes.
May declared that she would pursue a clean break from the EU, and told her European counterparts that she would make their lives difficult by slashing British tax rates if they didn’t offer her a good deal.
The world is still waiting on how both sides are going to deal with the Stock Market issue and both leaders of Superpowers are in the spotlight.