Retail chief who backed Brexit urges government to let in more foreign workers to alleviate chronic labour shortages
Lord Wolfson also argues that the government needs to focus its ‘very limited resources’ on the people who most need it during the upcoming recession.
That would be a better use of money than cutting taxes for businesses who are less needy, he argues:
“That’s the people who are going to be cold, and people who are going to be hungry, not businesses that want a break on their taxes.
“The interesting thing about a supply side recession is that the seeds of correction are automatically certain. So as demand drops, and factories begin to empty, then prices begin to come down,” he said.
“Next year will be tough but there is no need for a national nervous breakdown,” he added.
Continue reading…Retail chief who backed Brexit urges government to let in more foreign workers to alleviate chronic labour shortagesLord Wolfson also argues that the government needs to focus its ‘very limited resources’ on the people who most need it during the upcoming recession.That would be a better use of money than cutting taxes for businesses who are less needy, he argues:“That’s the people who are going to be cold, and people who are going to be hungry, not businesses that want a break on their taxes.“The interesting thing about a supply side recession is that the seeds of correction are automatically certain. So as demand drops, and factories begin to empty, then prices begin to come down,” he said.“Next year will be tough but there is no need for a national nervous breakdown,” he added. Continue reading…