• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Is the UK in 1970’s-style crisis? Johnson says: ‘No’

October 5, 2021 by David Barret Leave a Comment

October 5, 2021

LONDON (Reuters) – Prime Minister Boris Johnson denied on Tuesday that Britain was in crisis due to a shortage of labour or that it was facing a 1970s-style inflationary spiral.

Johnson said that businesses had mainlined on low-wage imported labour for nearly 25 years and that they should now pay their workers more and invest more.

Asked by BBC radio if the United Kingdom was in crisis, Johnson said: “No. I think that on the contrary, what you are seeing with the UK economy and indeed the global economy is very largely in the supply chains the stresses and strains you would expect from a giant waking up and that is what is happening.”

He added however that businesses need to spend more.

“What you saw in the last 20 years or more, almost 25 years, has been an approach whereby business of many kinds, was able to mainline low wage, low cost, immigration for a very long time,” Johnson said.

Asked if the United Kingdom was heading for a 1970s-style inflationary spiral, he said: “I don’t think that the problem will present itself in that way and I think actually that this country’s natural ability to sort out its logistics and supply chains is very strong.”

(Reporting by Guy Faulconbridge, Kate Holton and Kylie MacLellan)

Source Link Is the UK in 1970’s-style crisis? Johnson says: ‘No’

David Barret
David Barret

Related posts:

  1. Events leading up to the trial of Theranos founder Elizabeth Holmes
  2. U.S. FTC meeting will scrutinize Big Tech’s small deals
  3. U.S. Senate’s Schumer mulls passing election reform without Republicans
  4. Investors share how infrastructure as code is taking over DevOps

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Living Cement: The Microbes In Your Walls Could Power The Future
  • What Can Your Earwax Reveal About Your Health?
  • Ever Seen A Giraffe Use An Inhaler? Now You Can, And It’s Incredibly Wholesome
  • Martian Mudstone Has Features That Might Be Biosignatures, New Brain Implant Can Decode Your Internal Monologue, And Much More This Week
  • Crocodiles Weren’t All Blood-Thirsty Killers, Some Evolved To Be Plant-Eating Vegetarians
  • Stratospheric Warming Event May Be Unfolding In The Southern Polar Vortex, Shaking Up Global Weather Systems
  • 15 Years Ago, Bees In Brooklyn Appeared Red After Snacking Where They Shouldn’t
  • Carnian Pluvial Event: It Rained For 2 Million Years — And It Changed Planet Earth Forever
  • There’s Volcanic Unrest At The Campi Flegrei Caldera – Here’s What We Know
  • The “Rumpelstiltskin Effect”: When Just Getting A Diagnosis Is Enough To Start The Healing
  • In 1962, A Boy Found A Radioactive Capsule And Brought It Inside His House — With Tragic Results
  • This Cute Creature Has One Of The Largest Genomes Of Any Mammal, With 114 Chromosomes
  • Little Air And Dramatic Evolutionary Changes Await Future Humans On Mars
  • “Black Hole Stars” Might Solve Unexplained JWST Discovery
  • Pretty In Purple: Why Do Some Otters Have Purple Teeth And Bones? It’s All Down To Their Spiky Diets
  • The World’s Largest Carnivoran Is A 3,600-Kilogram Giant That Weighs More Than Your Car
  • Devastating “Rogue Waves” Finally Have An Explanation
  • Meet The “Masked Seducer”, A Unique Bat With A Never-Before-Seen Courtship Display
  • Alaska’s Salmon River Is Turning Orange – And It’s A Stark Warning
  • Meet The Heaviest Jelly In The Seas, Weighing Over Twice As Much As A Grand Piano
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version