Theresa May to champion free market in Bank of England speech

PM expected to contrast her approach with that of Jeremy Corbyn, who has called for more state control at Labour conference

A strong and properly regulated free-market economy is the only way to guarantee higher living standards, Theresa May will say on Thursday as she contrasts her economic approach with the call for more state control made by Labour at this week's conference.

In a speech to mark the 20th anniversary of the independence of the Bank of England, the prime minister will insist that there are benefits from an open and innovative economy - provided it is reformed and properly regulated. "A free-market economy, operating under the right rules and regulations, is the greatest agent of collective human progress ever created," May will say.

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