December 2, 2021

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According to Johnson, the British economy is at a crossroads

According to Johnson, the British economy is at a crossroads

The Prime Minister rejects the return to the old system of low investment and low efficiency.

London. The British economy is at a turning point and the government welcomes wage increases, but will not return to the old system of low investment and low efficiency. The Prime Minister announced this on Tuesday Boris Johnson For the BBC television station.

According to him, it would not be good if the UK returned to a system of low wages, low investment and low capacity of workers. He sees this as a real turning point for Britain and an opportunity to move in a different direction.

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Some drivers? Not just in the UK

On Tuesday, Johnson said 127 truck drivers had applied for visas. There are distribution problems in Britain due to a severe shortage of drivers.

According to the Prime Minister, this number of demands points to a global shortage of drivers. The Times reported that only 27 fuel tankers had signed up.

In late September, the government announced that it was temporarily easing its immigration rules and issuing 5,000 visas to EU drivers, as shortages of truck drivers have caused problems with the supply of shops, petrol stations and pharmaceuticals in the UK. The first 300 people can come immediately and deliver fuel by tanker.

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Johnson dismisses the crisis

However, Johnson said on Tuesday that Britain was in crisis due to labor shortages or that it had experienced a cycle of inflation in the 1970s.

In this context, the Prime Minister said, companies have been focusing on importing cheap, low-wage workers for the past 25 years. Now they want to pay more and invest more for their employees.

According to him, the situation of the British and the world economy is mainly complicated by problems in the supply chain, which prevents their recovery. However, he said companies should spend more.