The prime minister has surprised with her steely determination to lead the conservative party into the next election. For the sake of both the conservative party and Britain she must not be allowed to do so.
She has shown over the course of the past year and a half she is not up to the job. Just the other week she was talking nonsense about “naming and shaming” private company executives who have the audacity to command high salaries. This incident can be added to a long list of comments which shows her complete cluelessness about economics. It is not the business of government to tell private companies how much they can pay their employees. This is the role of shareholders who have the greatest incentive to get this right. This is not to say shareholders will always get this right but a competitive free market quickly corrects these mistakes. Indeed, government intervention nearly always has negative unintended consequences.
Wages like all prices in a free market economy are determined by the forces of supply and demand. Trying to put an artificial ceiling on prices will simply send wealth creators and our most talented abroad. A conservative leader must be an ardent defender of the free market, giving into arguments for market intervention is a capitulation to the left and will ultimately only seek to strengthen Jeremy Corbyn and his cult.
If it was not for Brexit I would say she should go now. Given that article 50 has been triggered it is logical that she should see through Britain’s exit from the EU before tendering her resignation before the summer recess in 2019. This will give the conservative party the opportunity to have a new leader for the conference of that year. I would also add that in the preceding time she should simply focus on Brexit and getting it right leaving the countries domestic problems to her successor.