The story appears on

Page A6

June 30, 2020

GET this page in PDF

Free for subscribers

View shopping cart

Related News

HomeBusiness

PM: 鈥楤umpy times鈥 ahead for Britain

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

Johnson told The Times newspaper鈥檚 new radio station that Britain was heading for 鈥渂umpy times鈥 as it struggles through its biggest economic contraction on record.

He intends to unveil a spending program in a speech today his office has simply dubbed 鈥渂uild, build, build.鈥

鈥淚 think this is the moment for a Rooseveltian approach to the UK, really really moving forward,鈥 he said. 鈥淚 really think the investment will pay off.鈥

Roosevelt launched the New Deal program in the 1930s that created a comprehensive social care system whose legacy lives on to this day. The first part of Johnson鈥檚 initiative earmarks 1 billion pounds (US$1.2 billion) for school repairs.

The interview comes a week before the full reopening of restaurants, pubs and other parts of the hospitality, tourism and cultural sectors in England for the first time since March 20.


 

Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

娌叕缃戝畨澶 31010602000204鍙

Email this to your friend