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Prime Minister of Great Britain: There will be no return to austerity policy – World – News from Poland and the world – Dziennik.pl – Events and Facts

On Tuesday Johnson will present an action plan that government intends to take to overcome economic problems caused by the epidemic. He announced the announcement of these actions in an interview for the newspaper “Mail on Sunday”. He promised to spend billions of pounds to protect the economy from the effects koronawirusa. They are to be published, among others for the construction of hospitals, schools, roads, railways, houses.

It is a huge, huge shock for the country, but we will bounce back very well from it. We want to build our recovery path. The lesson is to act quickly and ensure that we have plans to help people whose old jobs are gone and get the opportunities they need. We absolutely do not return to savings ten years ago Johnson assured.

Johnson referred to the actions taken by the conservative Prime Minister David Cameron and Finance Minister George Osborne in response to the financial crisis. They managed to reduce the inherited from the Labor Party rule debt public with 10% up to less than 2% GDP, but this did a great cost to society.

“Tuesday on Sunday,” Johnson will announce the establishment of a special task force chaired by Finance Minister Rishi Sunak to develop an infrastructure investment plan. It will contain, among others building 40 new hospitals, investments in education and the creation of 10,000 new places in prisons.

British premier he emphasized that this is not just about physical infrastructure, but also about a plan to equalize opportunities for all. We will need a very active, dynamic plan: not only in terms of infrastructure, not only investment, but also guaranteeing young people that we will help them get to the labor market, improve their skills, continue to train them in the workplace and provide a highly-paid, highly qualified a job that will keep them fit for a long time – he said.

As Mail on Sunday writes, Downing Street strategists are afraid that if the government does not take swift action, the coronavirus-induced economic havoc will be felt particularly strongly in northern and central England counties, i.e. those who usually voted for the Labor Party, but in the last election in December, they supported the Conservative Party, which gave Johnson a decisive victory. Prior to the outbreak of the epidemic, Johnson repeatedly assured that equalizing opportunities and equalizing the standard of living between individual regions of the country would be his priority.

According to forecasts, Great Britain will experience the deepest recession in history this year, with GDP falling by up to 15%. and an increase in unemployment from 3.9 percent. before the epidemic to around 10 percent, although forecasts predict a fairly rapid rebound next year.

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