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Boris Johnson Rules Out Return to Austerity in Post-Virus Recovery Plan



#mhclg #new deal #project speed uk #franklin roosevelt #News & Politics
Prime Minister Boris Johnson vowed the U.K. will spend large sums on hospitals, schools and roads to jump-start the economy as it emerges from the coronavirus lockdown that has plunged the country into what may be the worst recession in three centuries.
In an interview in the Mail on Sunday Johnson rejected a return to the austerity policies that followed the 2008 financial crisis and said the country will “build our way back” from the crisis through “shovel-ready” projects.
“The lesson is to act fast and we’re going to make sure that we have plans to help people whose old jobs are not there any more to get the opportunities they need,” Johnson said. “We are absolutely not going back to the austerity of 10 years ago.”
Johnson is expected to unveil the spending plans in a major speech on Tuesday, while Chancellor of the Exchequer Rishi Sunak is leading a new infrastructure task force to identify and speed up projects. The government pledge comes at a critical moment after the U.K. economy shrank a record 20.4% in April, effectively wiping out almost 18 years of growth in two months.
The crisis has sparked an intense internal debate among Tories who for decades have stood for the free market, fiscal prudence and libertarianism, and are now on course to spend well over 130 billion pounds to rescue the economy.

#roosevelt new deal #boris in dudley #boris johnson speech #boris johnson latest news #planning reform #the new deal #new permitted development rights 2020 #boris johnson #permitted development 2020 #what time is boris speaking today

Bloomberg QuickTake News photo 1 Boris Johnson Rules Out Return... Bloomberg QuickTake News photo 2 Boris Johnson Rules Out Return... Bloomberg QuickTake News photo 3 Boris Johnson Rules Out Return... Bloomberg QuickTake News photo 4 Boris Johnson Rules Out Return...

British Donald Trump

by Dr. Jay 4 days ago

In other words I don’t have a plan but meantime I’m just going to winged it, until something happens.

by J. D. Ortiz 4 days ago

Boris, whatever you do, just make sure you keep the rich people rich. The rich are very averse to any change.

by Steve Chance 4 days ago

I had a dream Boris Johnson Crashed the UK economy and was hiding it from the people for a long as possible

by Kinq Calb 4 days ago

He takes it so seriously that he cut his own hair twice this week they say

by bromandude 4 days ago

Well, like Trump, I disagree with 99% of what he says, but this sentiment, on its face, I heartily agree with.

by Jonathan Ryals 4 days ago

Are you saying you're abandoning Milton Friedman economics?

by cynjhern 4 days ago

Liar.

by I X 4 days ago

Every other world leader sounds like a genius compared to Trump

by Big Paulie 4 days ago

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