Telegraph today
www.telegraph.co.uk/business/2021/09/28/fuel-crisis-almighty-mess-making/
If better wages merely end up generating higher prices it would be a zero-sum game, the latter cancelling out the former. That kind of scenario, I fear, is already pre-baked.
But higher wages that are paid for with higher productivity are a different matter. The trick therefore is to persuade companies to replace cheap foreign labour with productivity-enhancing investment. Only then could the policy of depriving the market of unfettered access to overseas labour be deemed an economic success.
As it is, the Government has U-turned, settling on the short-term fix of temporary visas for 5,000 Continental lorry drivers.
Even if this were sufficient, the likelihood of attracting them, absent of megabucks by way of reward, is remote. Quite apart from anything else, Britain has one of the worst Covid infection rates in Europe right now.
Nobody is coming to our rescue. Yet it is not Brexit as such which is at the root of the problem. Rather it is the pretence that Brexit would be easy, and the consequent failure to anticipate its immediate dislocations, including labour shortages.
However purposeful the project, it will fail if mismanaged.