Beyond Currency

5 October 2021 - Johnson takes yet another gamble


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"The Prime Minister spoke yesterday of his determination that the UK won’t return to being a low-skilled low wage economy, while his Chancellor speaking at the Conservative Party Conference claimed that the country has become drunk on cheap labour.
Ministers, who have been facing criticism of the policies they have introduced recently, have tried to deflect the blame onto businesses, claiming that they were ill-prepared for Brexit.
That is likely to draw a backlash, given that the apparent transition period was mostly taken up with continued negotiation.
The Prime Minister spoke yesterday of his determination that the UK won’t return to being a low-skilled low wage economy, while his Chancellor speaking at the Conservative Party Conference claimed that the country has become drunk on cheap labour.
Sunak went on to say that the country simply cannot afford to continue to add to its debt, having reached a critical point whereby it would be unfair to saddle future generations by putting them at a disadvantage.
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Beyond Currency Market Commentary:
Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
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