UK PM Johnson: Only way to ensure economic resilience is to raise productivity

Before the lockdown, the UK economy was in pretty good shape but had chronic underlying problems, British Prime Minister Boris Johnson noted on Tuesday, as reported by Reuters.

Additional takeaways

"We can't now define the mission of the country as to restore normality."

"We're resolving to reform government, boost infrastructure."

"We want a dynamic recovery led by the enterprise, not the state."

"We need to lift the trend rate of growth."

"The only way to ensure economic resilience is to raise productivity."

Market reaction

The UK'S FTSE 100 Index showed no reaction to these comments and was last seen losing 0.2% on the day at 5,932.