Labour Market

Boris Johnson faces a backlash from industry leaders after conference speech


In the Media
Energy and Environment

Andy Mayer writes for CapX

IEA cited in The Times

The Prime Minister used his conference speech to argue that the present stresses and strains in the economy, which have led to supply shortages, are part of the transition towards a high-wage, high-skill economy.

Boris Johnson believes that by restricting the inflow of cheap labour, British businesses will be forced to pay UK workers more. Businesses and think tanks criticised the claims, pointing out that higher wages will be reflected in higher prices for consumers, risking a rise in inflation.

The IEA’s opposition to the Conservatives economic plan was referenced in a Times article. Read here.