Solving this puzzle has evaded Heart of the South West for years but yesterday Superman found his Kryptonite.
After two shots of the game changing “magic potion invented in Oxford University and bottled in Wales” Boris Johnson felt empowered, in his conference speech, to share with us his solution to the productivity puzzle. This is the essential key to his “vision for Britain” “building back better”.
“We are not going back to the same old broken model with low wages, low growth, low skills and low productivity, all of it enabled and assisted by uncontrolled immigration.
And the answer to the present stresses and strains, which are mainly a function of growth and economic revival, is not to reach for that same old lever of uncontrolled immigration, to keep wages low.
The answer is to control immigration to allow people of talent to come to this country, but not to use immigration as an excuse for failure to invest in people, in skills and in the equipment, the facilities, the machinery they need to do their jobs.
The truckstops – to pick an example entirely at random – with basic facilities where you don’t have to urinate in the bushes.
And that is the direction in which this country is going now. Towards a high wage, high skill, high productivity and yes, thereby low tax economy.”…..[interesting non sequitur! – Owl]
……“And that is how we solve the national productivity puzzle: by fixing the broken housing market, by plugging in the gigabit, by putting in decent safe bus routes and all other transport infrastructure and by investing in skills skills skills.”
Easy peasy, except none of these things are going to happen here any time soon are they?
Watch and read every boosterism of Boris Johnson’s Conservative Party conference speech here inews.co.uk [Or possibly not, it doesn’t travel very well!]
Elsewhere Owl reads that an announcement is expected shortly to raise the minimum hourly wage to to the high rate of £9.42.