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10.47am GMT10:47
Q: What is your message to Tory MPs who are considering rethinking social care?
Johnson says the new scheme is “more generous” than the previous scheme.
He claims to be “very progressive”.
He says that under the current system, people don’t get support unless they have assets of £23,000 or less. Now people with an income of up to £100,000 will get help from the state, he says.
He says that creating a ceiling should allow the social welfare insurance market to develop. (Currently, it is not worthwhile for insurance companies to provide cover, since its potential costs are unlimited.)
And that’s it. Question and answer finished.
10.42 AM GMT
Q: You have been very reconcilable with business today. But why not address the injustice facing energy-intensive industries?
Johnson claims he has always been conciliatory toward business. He says he has given pro-business letters to CBI for years.
(He must have forgotten this.)
In terms of greening the economy, he says this cannot be done by the government alone.
Updated at 10.46am GMT
10.39am GMT10:39
Johnson claims welfare plans are ‘incredibly generous’
Q: You’ve backtracked on what you originally promised in the railroad plan in the North, and you have a welfare plan that will hit people disproportionately in the North. Will you return to the higher level?
“It’s not a return to rowing, it’s better,” Johnson says. The rail plan would have an effect 10 years before the original proposal. “It’s a huge plan,” he says, “and it’s going to offer ‘cool benefits for passengers in real time’.”
On welfare, he says the new system will be more generous than originally planned. He claims he would be “incredibly generous”.
In some ways, he says, he is more generous than the plan originally proposed by Delno.
10.36am GMT10:36
Johnson is now taking questions from the press. Simon Jack, BBC Business Editor, goes first.
Q: How would you describe your policies as business friendly?
Johnson defends integrated railroad plan. He says he flatly rejects the suggestion that investment in railroads is declining. It is transformative.
On business tax, he says the corporate tax, or business tax, is still the lowest in the G7.
The government would like to lower taxes. But he says accumulating unsustainable debt is not true.
Updated at 10.44am GMT
10.33am GMT10:33
Q: You are talking about innovation and skills. What can you do to promote this?
Johnson says universities used to create hubs, to work with companies on “ideas that could change the world”. He says that one of the glories of this country is that we have many world-class universities. He says they are getting better at working with business.
Updated at 10.35am GMT
10.31 AM GMT 10:31
Q: What can we do to unlock more investment?
Johnson says he was only talking to the chancellor about this last night.
He says the UK is still far from the international rating scale for commercial investment in research and development. He says companies should take a different approach.
Updated at 10.35am GMT
10.29am GMT10:29
Johnson says the great resource of the 21st century will be data.
If the small companies are as good at this as the big ones, it will take you a long way to move up, he says.
10.27 AM GMT
Q: The East Coast Main Line does not have enough capacity now. Are you committed to improving the railways between the regions of the North?
Johnson says it is. He says some coverage of the Integrated Rail Plan last week “missed the mark”. He says it was a £96 billion plan (although much of that amount has been committed before). He quotes numbers on how to reduce flight times.
Updated at 10.34am GMT
10.24 AM GMT
s: [From Sage, a technology company] Will you commit to placing projects and entrepreneurship at the center of the settlement agenda?
Yes Johnson says. He says entrepreneurship is a big part of what he does.
He says upgrading should be driven by startups. He says the government has training camps for entrepreneurs.
Updated at 10.32am GMT
10.21 AM GMT
Johnson now praises Peppa Pig World, which he called “my favorite spot.” He adds that there are very safe streets, regulated schools, and mass transit systems.
But he says he likes it very much as a tribute to creativity in the UK. Who would have thought that a pig-like hair dryer could become a global brand, he says.
And that’s it. He’s finished the speech, but now he’s taking questions.
Updated at 10.28 AM GMT
10.18 am GMT 10:18
Even by Boris Johnson’s standards, this speech was extraordinarily muddled. But at some point Johnson, who uses a paper script and not a remote reading device, completely lost his place. He is silent for what appears to be an era, but it will probably only be about 10 seconds, before he finds his place and plows.
Updated at 10.23am GMT
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