Johnson Says U.K. Moving Toward High Wage, High Skill Economy

The transcript discusses the UK's economic issues and the need for structural changes. It highlights the positive impact of the vaccine rollout on economic recovery and growth, emphasizing a shift from a low-wage, low-productivity model to a high-wage, high-skill economy. The importance of controlled immigration and investment in skills and infrastructure is stressed, aiming for a future with a high-wage, low-tax economy.

What has contributed to the UK having the most open economy and fastest growth in the G7?

• Higher taxes

• Increased government spending

• Vaccine rollout

• Reduced exports

What is the UK economy moving away from according to the second section?

• High-wage, high-growth model

• Low-tax, high-skill model

• High-tax, low-skill model

• Low-wage, low-growth model

What is the proposed solution to avoid using immigration as an excuse for economic issues?

• Increase immigration

• Control immigration and invest in skills

• Reduce investment in infrastructure

• Focus on low-wage jobs

What is the ultimate goal for the UK economy as mentioned in the final section?

• Low-skill economy

• High-productivity economy

• High-tax economy

• Low-wage economy

What does the UK need to invest in to achieve a high-productivity economy?

• More immigration

• People and infrastructure

• Lower wages

• Higher taxes