So, is Theresa May a closet Red Tory? That was the big question racing around the City after Britain’s next Prime Minister launched her pitch for the Tories to be the country’s workers' party.

At a speech given by May in Birmingham just hours before her rival, Andrea Leadsom, pulled out of the contest, the Home Secretary stunned her peers with a raft of policies that would put workers at the centre-stage of the economy, and firmly distanced herself from the economic policies of the Cameron government.