• 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Your email address will not be published.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

  • “Silent, Ongoing Genocide”: World’s 196 Uncontacted Tribes Are Facing Grave Threats To Their Survival
  • Golden Tigers Are Among The Rarest Big Cats In The World, But They Spell Bad News For Tigers
  • Rare 2-Million-Year-Old Infant Facial Fossils Expand What We Know About Prehistoric Human Children
  • First-Ever 3D Map Of Planet Outside Solar System Reveals Distant World’s Hot Spot And Cool Ring
  • From Chains To Forests: Working Elephants Set To Be Rehabilitated In The Wild Under New Project
  • Why Does Death Have Such A Distinctive Smell?
  • Blue Dogs Have Been Spotted In Chernobyl: What Is Going On?
  • Record-Breaking Gravitational Wave Detection Suggests These Black Holes Merged Before
  • Hurricane Melissa Is 2025’s Strongest Storm Yet, With Turbulence So Bad It Saw Off The Hurricane Hunters
  • Fancy Seeing Your Organs In 4D? Pretty Soon, You Might Be Able To
  • First Known Bats To Glow In The Dark In The US Discovered – But Scientists Aren’t Sure Why
  • “You Be Good. I Love You”: How Alex The Parrot Rewrote Our Understanding Of Animal Intelligence
  • What Would You Find If You Drill Down Deep Under Antarctica?
  • This Is The Safest Place To Sit In Your Car
  • Birds, Hats, And Boycotts: The Story Behind Why It’s A Crime To Collect Feathers
  • Ultra-High-Definition TV – Is It Really Worth It? New Study Figures Out If We Can Even See In UHD
  • Interstellar Comet 3I/ATLAS Will Be At Its Closest To The Sun This Week
  • Human Movement Around Earth Over 40 Times Greater Than That Of All Wild Land Animals Combined
  • Rats Filmed Snatching Bats Out Of The Air Mid-Flight In First-Of-Its-Kind Footage
  • Incredible Planetary System Has Two Stars And Three Earth-Sized Planets
  • 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