PM Johnson vows massive economic plan for post-pandemic UK

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The current spending programme has cost the government tens of billions of pounds. FMTNews BorisJohnson

LONDON: British Prime Minister Boris Johnson said Monday the coronavirus crisis needed the type of massive economic response US president Franklin D Roosevelt mobilised to deal with the Great Depression.

“I think this is the moment for a Rooseveltian approach to the UK,” said Johnson. “I really think the investment will pay off.” But the lockdowns imposed globally to fight the new disease have forced even the most prudent governments to unveil social safety nets that will put states deep into debt for years to come.

The independent Resolution Foundation think-tank said the government had little choice but to spend even more because “the virus will continue to hold activity below its pre-pandemic level”. New opposition chief Keir Starmer — a trained lawyer with a more pragmatic style — offered to work with Johnson while more than 1,000 people were dying of Covid-19 a day in April.

But the easing could be delayed in the central English city of Leicester because of a reported spike in new infections.

 

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