Why Boris Johnson’s grey army is bad for growth

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Why Boris Johnson’s grey army is bad for growth
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The old are more likely to oppose immigration, and to prioritise spending on health care over education

immigration has overwhelmed the health service. Pat says her town is swamped by new housing. Elizabeth voted for Brexit, but doesn’t want a trade deal with America, “especially the pharmaceutical side of it, Trump and his chickens.” So did Kathleen, but she now thinks a no-deal exit will mean shortages of groceries and medicines. “I’m prepared to do without stuff,” she says.

The Conservative Party used to worry about being hip. In 1977, a 16-year-old William Hague told its conference that it faced extinction without first-time voters. Now, he notes, the party has increased its share of the vote in six successive elections without their help. John Major got a bigger slice of the under-35s when he lost in 1997 than Boris Johnson did when he won in 2019.

Older voters’ indifference to growth is understandable, for they have less skin in the growth game. Vincenzo Atella and Lorenzo Carbonari of Tor Vergata University of Rome argue that some European countries underinvest in education and technology because “impatient” old elites don’t expect to reap the long-run benefits.

Mr Johnson’s plan to offset the costs of Brexit by making Britain a nimbler, globetrotting place is not popular among the old. A trade deal with America will require loosening food regulations, to which pensioners are particularly hostile. Mr Johnson calls himself a Sinophile, but hiss have pushed him into banning Huawei, a telecoms company, from Britain’s fifth-generation mobile network on security grounds.

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