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According to Johnson, the British economy is at a turning point

According to Johnson, the British economy is at a turning point. He rejects a return to the old system of low investment and low skills.

According to Johnson, the British economy is at a turning point
Yazar: Tom Roberts

Yayınlanma: 5 Ekim 2021 16:02

Güncellenme: 19 Kasım 2024 18:23

According to Johnson, the British economy is at a turning point

The British economy is at a turning point and the government welcomes rising wages but will not return to the old system of low investment and low skills. This was announced on Tuesday by Prime Minister Boris Johnson for the BBC television station. According to him, it would not be good if the United Kingdom returned to a system of low wages, low investment and low skills of the workforce. He sees this as a real turning point for Britain and an opportunity to go in a different direction. Johnson also said on Tuesday that 127 truck drivers had applied for visas. Britain is having supply problems due to an acute shortage of drivers. According to the Prime Minister, this number of applications points to a global shortage of drivers. The Times reported that only 27 fuel tanker drivers signed up. With a shortage of truck drivers causing problems with the supply of shops, petrol stations and the supply of medicines and other products in Britain, the government said in late September that it would temporarily ease its immigration rules and provide 5,000 visas for European Union drivers. The first 300 could arrive immediately and provide fuel delivery by tanker. However, Johnson denied on Tuesday that Britain was in crisis due to labor shortages or that it was facing an inflationary spiral in the style of the 1970s. In this context, the Prime Minister stated that the companies had been focusing on the import of cheap labor with low wages for almost 25 years. Now they should pay their employees more and invest more. According to him, the situation in the British and global economy is complicated mainly by problems in supply chains, which hinder their recovery. However, he added that companies need to spend more.
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