-
DOOM: Recession
"Boris Johnson says UK ‘not necessarily’ heading for recession
PM sounds upbeat note on economy amid some disquiet among Tory MPs over £15bn cost of living package
Boris Johnson has said the UK is “not necessarily” heading for a recession after his chancellor announced a £15bn package to help people deal with rising energy bills and inflation.
Despite experts warning of trouble ahead for the economy and the government bringing in emergency measures to help out struggling households, the prime minister sounded an upbeat note about Britain’s financial prospects in an interview with Bloomberg TV.
“There are ways forward for the UK that are incredibly exciting,” he said. “If we make sure that we have a proactive approach to talent from abroad – we want to control immigration but allow the talent that we need to come in – we fix our energy supply issues, we fix the issues in the UK labour market.
“One of the incredible things about the economy right now is that unemployment is at its lowest level since I was two years old.”
He acknowledged there would be a “difficult period” ahead but said he was confident energy prices would start coming down.
Asked if the UK was heading for a recession, he answered: “Not necessarily at all.”"
Leave a comment: