Seems it went down like a lead ballon outside of his adoring fans.
Business leaders called it “Vacuous and Bombastic”
They argued that Johnson’ speech whilst peppered with silly jokes contained no coherent economic plan. There was no mention of the existential crises of shortages facing us this winter nor the fact that the cut in U/C, and the rise in tax together with the eye watering rise in gas prices will effect the poor very badly.
The CBI chairman warned that the vision of high skills and high wage economy is very laudable, but it cannot be achieved without an increase in productivity, and there was no mention at all as to how this would be kick started. Businesses have a huge amount on their plates from the affects of covid and the collapse in trade to the EU. To ask them to now invest to increase productivity is an almost impossible task at this point.
Without that we are simply looking at high inflation leading us nowhere.
There is almost certainly going to be a steep rise in the cost of living this winter. At the beginning of this year gas prices were at 60 p per therm. On Wednesday they were at 400p. They have fallen back a little to 257p per therm after aPutin promised to increase supply, but according to the price compare companies price rise of £800 cannot be ruled out. There is already baked into the system price rises at every level particularly in food.
Councils are also warning of a rise in council tax of upmton£220 within the next three years to pay for social care reforms. So where I wonder is our extra tax we are paying going to?
And to top it all Quality Street is having supply issues.
Good Morning Saturday 1st April 2023
Insomnia - What works, what doesn't, for you ?
