Boris Johnson vows major spending on economy
British Primary Minister Boris Johnson vowed Britain 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 united states into what may be the worst recession in 3 centuries.
Within an interview in the Daily Mail, Johnson rejected a go back to the austerity policies that followed the 2008 financial meltdown and said the united states will "build our in the past" from the crisis through "shovel-ready" projects, studies Bloomberg.
"The lesson is to do something fast and we're heading to make sure that people have plans to greatly help persons whose old jobs aren't there anymore to achieve the opportunities they want," Johnson said. "We happen to be absolutely not going back to the austerity of a decade ago."
Johnson is likely to unveil the spending ideas in a significant speech on Tuesday, while Chancellor Rishi Sunak is leading a new infrastructure task force to identify and increase projects.The federal government pledge comes at a crucial moment after the UK economy shrank a record 20.4 per cent in April, effectively wiping out nearly 18 years of growth in two months.
The crisis has sparked an strong internal debate among Tories who for decades have stood for the free industry, fiscal prudence and libertarianism, and are now on course to invest vast amounts of pounds to rescue the economy.
In another interview with the Mirror newspaper, Johnson explained children must return to school in September, increasing the chance that parents could be fined if indeed they don't comply. The Primary Minister criticised teachers against returning, saying they must "take their tasks seriously", according to the paper.
