🇬🇧

Johnson announces 'New Deal' to prepare for coronavirus economic shock

Video credit: PA - Press Association STUDIO
Published 2 weeks ago - Duration: 01:56s

Johnson announces 'New Deal' to prepare for coronavirus economic shock

Boris Johnson has announced a spending spree and a new “opportunity guarantee” to help the economy cope with the “aftershock” of the coronavirus crisis.

The Prime Minister acknowledged that jobs which existed at the start of the pandemic may be lost forever but said the new guarantee would ensure placements or apprenticeships for young people.

Mr Johnson promised his response would not be a return to the austerity that followed the financial crisis, but instead a stimulus package inspired by US president Franklin D Roosevelt, who led America out of the Great Depression with his New Deal in the 1930s.

Advertisement

You are here

Related news from verified sources

Boris Johnson vows a "new deal" for UK after coronavirus - but Labour says saving jobs is top priority.
2 weeks ago • BBC News

The Welsh Government dismisses the prime minister's economic recovery plan as simply "rhetoric".
2 weeks ago • BBC News

Related videos from verified sources

Prime Minister pledges spending blitz to heal economy after Covid-19 00:44
Video credit: PA - Press Association STUDIO - Published 2 weeks ago 

Rebound Mid-Michigan - Sticker Shock for Restaurants/Businesses Face New Hurdle in Reopening 02:30
Video credit: FOX 47 News Michigan - Published on June 2, 2020 

You might like