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UK premier pledges change of direction to heal UK economy

The British prime minister on Wednesday pledged to embark on a new change of direction “that has been long overdue in the UK economy.”

Speaking at the Conservative Party conference in Manchester, Boris Johnson said the country will “not be going back to the same old broken model -- with low wages, low growth, and low skills and low productivity, all of it enabled and assisted by uncontrolled immigration.”

"The answer to the present stresses and strains, which are mainly a function of growth and economic revival, is not to reach for the same old lever of uncontrolled migration to keep wages low,” he said.

"The answer is to control immigration to allow people of talent to come to this country but not to use immigration as an excuse for failure to invest in people, in skills, and in the equipment or machinery they need to do their jobs."

The UK is on the path of a "new direction" that would see "high wage, high skill, high productivity and […] low tax economy."

Johnson said the UK has “one of the most imbalanced societies and lopsided economies of all the richer countries.”

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