Nearly two thirds think Theresa May will leave them better off than Cameron - poll

LoveMONEY readers give their verdict on how they think the new UK Prime Minister will stack up to David Cameron when it comes to our finances.

Nearly two thirds of loveMONEY readers think the new UK Prime Minister, Theresa May, will be better for their money than David Cameron, who officially resigned on Wednesday.

May has only held the top Government position for two days, but the early verdict from the majority of you is that she will do a better job for our finances than Cameron ever did.

But not all of you are convinced. One in three readers think Cameron was better for their money.

Haven’t had your say yet? You can vote in the poll by heading over to: What Theresa May has planned for your money.

Cameron vs May

Cameron, under the coalition between May 2010 and May 2015 and under a Conservative led Government thereafter has had a long list of achievements in office.

He helped lead the economic recovery, cut the deficit, created record employment, lifted thousands of low income households out of paying tax and reformed Stamp Duty.

But ultimately his legacy is now linked to leading the country to Brexit – an outcome he never wanted.

May, also a Remain supporter, has the onerous job of navigating the two-year process of leaving the European Union and ensuring British economy doesn’t suffer as a result.

To help, she has created two new roles in her cabinet to help in extricating Britain from the EU and limiting the fallout.

The first is the Secretary of State for Brexit, which will involve negotiating Britain’s departure from the EU. This job has been gone to Eurosceptic David Davis.

The second new cabinet role is the Secretary of State for International Trade, which will involve striking those all-important trade deals with Europe. This position has gone to prominent Brexiteer Liam Fox.

May has booted George Osborne and given the job of Chancellor of the Exchequer to Phillip Hammond.

His role will more directly impact our finances, but he’s already ruled out an emergency Budget. However, all eyes will be on him for the Autumn Statement due in November.  

Helpful advice

loveMONEY readers had some suggestions for May as she takes on the task of uniting the UK and getting on with Brexit.

jonnie2thumbs said: “She could raise billions by flogging a new reality TV show around the world. It could be called something like 'Bumbling Boris and His Crazy Gang' - it just follows him about from one overseas crisis to the next. The Christmas 'special' could have guest appearances from The Duke of Edinburgh and Donald Trump.”

Perhaps more helpfully, other readers gave some more realistic suggestions about how we unite and move forward.

centrum46 said: “It is everyone's democratic right to an opinion however now that the country has spoken over the EU we should respect the majority view and make the most of the situation before us rather than down crying everything in Britain because the vote did not turn out to suit our personal view. I remember a Britain before the EU and it was a much HAPPIER country then.”

Lawrence A said: “No-one ever seems to mention that VAT is an EU tax. Could we possibly lose VAT once we break free of EU dictatorship? It would be replaced by some other form of purchase tax no doubt, but there is the possibility now to make it more selective.”

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