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BBCNEWS BBC News October 6, 2021 08:04:00

Economic growth coming back at a fair lick. wages are also rising, if you look at the latest data. but we ve got to make sure that we have an economy which is high skill, high wage, so that people can afford to deal with the cost of living, and not overly reliant on the easy addiction to cheap, unskilled labour from abroad. the conservative peer lord wolfson who s chief executive of the next fashion chain and a brexit supporter says there s real panic and despondency in the restaurant, hotel and care industries about labour shortages and in an interview today he hit back against borisjohnson s claim yesterday that business needs a shock to get it off its reliance on foreign labour. i think that approach leads to queues at petrol stations and pigs being unnecessarily shot. so i don t think that is a particularly constructive approach. i think a much more constructive approach is to say, well, if we think the problem is that businesses are bringing in people because they are cheap, ....

Late Night Economy , The Cost Of Living , Chief Executive , Fashion Chain , Petrol Stations , Borisjohnson S , Livelihoods Businesses ,

BBCNEWS BBC News October 6, 2021 16:07:00

People might have out in the count . ., ~ ., , minister s conference speech, there was criticism of the government from the head of next. he is a conservative peer, and in favour of brexit, but this morning said there is panic and despondency in the business world about the current labour shortages. our business editor simonjack has more details. lord wolfson, brexit supporter, came out. throughout the week has been saying that the government is on the wrong track with its approach to immigration. the prime minister said we can t go back to the same old broken model of uncontrolled immigration. he said, listen, it s a fact of life that businesses will need this. he said earlier in the week these labour shortages are real, they re damaging, they will push up prices and thatjust putting everyone s wages up on its own without making people better at doing things or investing in new kit and skills will only give you inflation. the prime minister earlier in the week saying i m not that bo ....

Conference Speech , Conservative Peer , Prime Minister , Labour Shortages , Business Editor Simonjack , Brexit Supporter , Rishi Sunak ,

BBCNEWS BBC News October 6, 2021 13:13:00

Wider electorate. absolutely, thank you very much. ian watson at the conference in manchester. before that speech, a little earlier this morning, there was considerable criticism of the government. it came from the head of next, who is a conservative supporter and backed brexit. 0ur supporter and backed brexit. our business editor simonjack has been explaining more about this. lord wolfson, brexit supporter, came out. throughout the week has been saying that the government is on the wrong track with its approach to immigration. the prime minister said we can t go back to the same old broken model of uncontrolled immigration. he said, listen, it s a fact of life that businesses will need this. he said earlier in the week these labour shortages are real, they re damaging, they will push up prices and thatjust putting everyone s wages up on its own without making people better at doing things or investing in new kit and skills will only give you inflation. the prime minister earlier in th ....

Scottish Government , Ian Watson , Business Editor Simonjack , Brexit Supporter , Prime Minister , Labour Shortages ,

BBCNEWS BBC News October 6, 2021 08:06:00

Attention with business, as we were hearing, from lord wolfson. they are not too pleased to be blamed for not spotting the problems that could arise from the supply chain, as we get back to normal after the pandemic and adjust to post brexit reality. and then you got some members of borisjohnson s cabinet that think he is being a bit too blase and a bit too optimistic about the stresses and strains that the economy is experiencing, and maybe not quite acknowledging the stress and the worries that people have as they live through that. but boris johnson is going to brush all of that aside in the next few hours and do a very, very optimistic, tub thumping speech, where he will say he is the only person that has the guts to make the tough decisions and the changes to the country that the country needs. it s an interesting word, guts. some people will hear that and be inspired, other people will hear it and think, hang on, you will hear it and think, hang on, you will need guts if you are ....

Supply Chain , Late Night Economy , Boris Johnson , Tub Thumping , Prime Minister , Hang On ,

BBCNEWS BBC News at One October 6, 2021 12:07:00

To use three words in a row, in conference speeches, so he said his priority was skills, skills, skills. but the problem today was while he had a longer term vision, his eyes on the horizon, nonetheless there are short term difficulties. queueing at petrol pumps, waiting to get supermarket shelves filled, and some people away from the conference floor said the tone just didn t resonate with their constituents. thank you very much, iain. let s talk a little more about the potential short term difficulties. our business editor simonjack is here. before the speech, there was criticism of the government from brexit supporting leaders like the boss of next. brexit supporting leaders like the boss of next- brexit supporting leaders like the boss of next. lord wolfson, brexit supporting. boss of next. lord wolfson, brexit supporting. said boss of next. lord wolfson, brexit supporting, said that boss of next. lord wolfson, brexit supporting, said that the - boss of next. lord wolfson, b ....

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