11-July-2020
Economy News
 
Coronavirus: Boris Johnson pledges 'new deal' to build post-virus
30-Jun-2020

Boris Johnson will promise to "build build build" as he unveils government plans to soften the economic impact of coronavirus. Speaking in the West Midlands, the prime minister will say he wants to use the coronavirus crisis "to tackle this country's great unresolved challenges". As part of a "new deal", Mr Johnson will set out plans to accelerate £5bn on infrastructure projects. Labour called for a "laser-like focus" on preventing job losses. The prime minister's speech comes as BBC analysis found that the UK was the hardest hit of all the G7 major industrialised nations by the virus in the weeks leading up to early June. In April, the UK economy shrunk by a record 20.4% as a result of the spread of coronavirus and the subsequent lockdown measures. What a shrinking economy means in one town Where do governments go when they need money? UK 'on knife edge' ahead of lockdown easing Aiming to emulate the New Deal policies of the depression-era American President Franklin D. Roosevelt, Mr Johnson will say he wants a government that "puts its arms around people at a time of crisis".

News Source:- https://www.bbc.com/news/uk-politics-53226906