The National Statistics Office assures that 17% of British people have not been able to buy some basic foods in recent weeks due to lack of supply in establishments, a reflection of a professional crisis that affects supply chains. The British Government assures that the country will emerge from the situation strengthened, while the impact of Brexit is noticeable.
The departure of the United Kingdom from the European Union takes its toll on the country. However, Prime Minister Boris Johnson maintains a denial stance, despite the obvious problems that have focused international attention in the country in recent weeks: empty gas stations, worker shortages and shortages on store shelves. On the contrary, it affirms that the United Kingdom will emerge from Brexit and the pandemic as a more productive and dynamic nation.
During the annual conference of its political formation, the Conservative Party said that the country was at the end of “decades of drift and hesitation” and that it would address “long-term structural weaknesses”, especially on the dependence on the hand of cheap work from abroad.
“We are now embarking on a long-needed change of direction in the UK economy,” Johnson said, vowing “not to use immigration as an excuse for underinvestment.”
But the negative results in the country are not a consequence of immigration. Statistics from the Organization for Economic Cooperation and Development on gross domestic product (GDP) per hour worked in 2019, reflects how other economies such as France or Germany, with high immigration rates, show better productivity, according to an analysis by the company Bloomberg Financial Advisory.
Another of Johnson’s arguments analyzed by Bloomberg is regarding foreign direct investment. According to the prime minister, the new measures will make investment in his country more attractive, but before the vote in favor of Brexit, in 2016, business investment in general grew at a rate of 5% per year and is now down .
Meat associations warn of great losses
Brexit ended the right of European Union citizens to work without a visa in the UK and caused a professional crisis in some sectors. For example, it takes about 100,000 truckers and another 15,000 butchers, something that has become evident in recent weeks, due to the lack of drivers who bring gasoline to service stations or the lack of meat in supermarkets.
The National Pig Association warned that they would be forced to slaughter animals in the coming days due to the difficulty of taking them to the slaughterhouse. As reported by the collective, there are an excess of 120,000 heads of these animals on the farms and noted that each week another 15,000 are added.
A Bank of England study stated that the UK is more vulnerable to financial crises than other nations. The country has more foreign assets and liabilities than any major economy and is highly dependent on trade, at a rate of 60% of its Gross Domestic Product.
With EFE and AP