U.K. Prime Minister Boris Johnson made financial pledges on schools, housing and infrastructure amid a coronavirus crisis with a death toll of 43,000.
Prime Minister Boris Johnson acknowledged Monday that the coronavirus outbreak has been a “disaster” for Britain, as he announced a spending splurge designed to get the country — and his faltering Conservative government — back on track.
“But in those moments, you have the opportunity to change and to do things better,” he told Times Radio. “This is a moment now to give our country the skills, the infrastructure, the long-term investment that we need.”Johnson promised a “Rooseveltian approach,” invoking the New Deal policies of President Franklin D. Roosevelt that helped wrench the United States out of the Great Depression. Johnson’s first announcement was 1 billion pounds to build new schools.
“What we’re going to be doing in the next few months, is really doubling down on our initial agenda, which was all about investment ... in infrastructure, in education, in technology, to bring the country together,” he said.Critics want to know where the money will come from. The economic freeze caused by the pandemic has left Britain facing a deep recession — the Bank of England estimates that the U.K. economy could end the first half of 2020 around 20% smaller than at the start of the year.
Despite the gloomy economic outlook, Johnson said it would be “a mistake” to return to the austerity of previous Conservative governments, which since 2010 have cut public spending in an attempt to lower a national debt that was swollen by the 2008 global financial crisis.Despite his attempts to turn the page, Johnson, who was hospitalized in intensive care with the coronavirus in April, will likely face a reckoning over his government’s handling of the outbreak.
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