Theresa May: The banker's Prime Minister

With the resignation of David Cameron earlier this month, the world gushed at the thought of a new woman in charge of the United Kingdom.  And while pundits have already tried to label her the Steel Lady after the first British PM Margaret Thatcher, the reality may be just a bit different as Theresa May is more likely to be a Prime Minister who serves the bankers far more than she serves the people.

Because the election to replace Cameron took place very quickly, the only real issue on the minds of the world was how would she deal with the results of the Brexit vote.  But now that the people have had time to do a bit more digging, Theresa May has more in common with Janet Yellen than she does with France's new 'Joan of Arc' candidate, Marine Le Pen.

After graduating with a degree in Geography, May went to work in the City, initially starting work at the Bank of England and later rising to become head of the European Affairs Unit of the Association for Payment Clearing Services.


In addition to Theresa once working at the Bank of England, May's husband Philip is also a banker who currently works as a Senior Executive with a very prestigious and private investment firm.

The relatively unknown investment fund where Theresa May’s husband Philip works as a senior executive is one of the world’s largest and most powerful financial institutions, controlling $1.4 trillion in assets.


Capital Group: Ranked 46th largest private company in America

Its portfolio also includes $20 billion of shares in Amazon and Starbucks, both of which were cited by the Prime Minister-designate in her pledge to crack down on tax avoidance yesterday.

Latest filings to US authorities show that Los Angeles based Capital Group owns huge stakes in a variety of companies, including investment bank JP Morgan Chase, defence giant Lockheed Martin, tobacco company Philip Morris International, the pharmaceutical sector’s Merck & Co, and also Ryanair.


So with this banker friendly couple now residing at Number 10 Downing Street, what does that mean for Britain's future?  It appears we may not have to wait too long to find out.

“[Bank of England governor Mark Carney] in announcing that interest rates were not to be lowered last week, made it clear that the bank is developing a monetary package which it would announce in due course,” Hammond added Tuesday.

What will this mean for global markets and the future of the European Union?

That remains to be seen, but they are definitely scheming to make sure that the City of London is protected at all costs, and even at the expense of other parts of the economy.

— SHTFPlan

So despite the demand for change that the Brexit vote, the Donald Trump nomination, and the rise of alternative political candidates in Europe like Marine Le Pen and Bepe Grillo represent, Britain's new 'Steel Lady' is set to keep things fairly close to status quo, and until proven differently, is a Prime Minister the bankers appear very comfortable working with.