Johnson vows to 'double down' on plans to boost economy
Reuters
Published May 27, 2020 17:41
LONDON (Reuters) - British Prime Minister Boris Johnson said he wanted to "double down" on his previous promises of investing more in infrastructure and technology to help the economy recover from its coronavirus crisis.
"The challenge now is going to be about getting the economy moving again and creating high-class jobs, good jobs for the whole country, and my mantra remains that the way to do that is with fantastic infrastructure, better education, better skills and technology," Johnson told lawmakers.
"We are going to stick ruthlessly to that and indeed ... we are going to double down on that programme, we want to intensify that."
Johnson said he wanted to announce new details in June or early July on how to restart the economy and that "exceptional steps" would be needed to help get young people into work. He also said it was very likely a bigger employment support programme would be needed.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.