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UK News Johnson’s ‘New Deal’ to prepare for economic aftershock of coronavirus

16:31  30 june  2020
16:31  30 june  2020 Source:   msn.com

Sturgeon: PM’s spending announcement is just shuffling around money

  Sturgeon: PM’s spending announcement is just shuffling around money The First Minister said she does not expect Scotland to receive any new money as a result of Boris Johnson’s proposals.The Scottish First Minister said Mr Johnson’s announcement appeared to be “simply shuffling around money that was already in the system” and was not likely to trigger further financial consequentials.

Boris Johnson will commit to spending on infrastructure to rebuild the coronavirus -ravaged U.K. economy in a major policy speech Tuesday and say And he’s prepared to increase borrowing to make it happen. In a briefing note about the speech, Johnson ’ s office said decisions over increasing

Ahead of his widely-anticipated speech to map out plans for kick-starting the economy , UK Prime Minister Boris Johnson said on Monday his government will "not go back to the austerity of 10 years ago", vowing that the country would "bounce back" from the coronavirus pandemic.

Boris Johnson holding a sign: Prime Minister Boris Johnson says he wants the UK to build its way out of the coronavirus crisis (Paul Ellis/PA) © Paul Ellis Prime Minister Boris Johnson says he wants the UK to build its way out of the coronavirus crisis (Paul Ellis/PA)

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.

Syrian refugees in Lebanon: "With the coronavirus, there is nothing left to eat"

 Syrian refugees in Lebanon: © France 24 In Lebanon, the Syrian refugees are living very hard the economic crisis which follows the health crisis of the coronavirus. For the Syrian refugees settled in Lebanon, the coronavirus epidemic has been too hard on them. Settled in the Bekaa for eight years, Aïcha's family had found a balance that the virus had shattered. Aïcha and her family found refuge in Lebanon eight years ago after fleeing the war in Syria.

It sounds like a ‘ New Deal ,’” Johnson is expected to say in a speech in the West Midlands on Tuesday morning. “All I can say is that if so, then that is how “This is a government that is wholly committed not just to defeating coronavirus but to using this crisis finally to tackle this country’ s great unresolved

NEW YORK/LONDON (Reuters) - Global M Chief executives were reluctant to explore transformative deals without more certainty about the financial outlook of their companies, deal advisers said. Dealmakers said the economic uncertainty wrought by the pandemic had curtailed the ability of many

Mr Johnson returned to the theme of his general election campaign, pledging to “level up” parts of the country that had been left behind while London and the South East prospered.

In a speech in Dudley – a seat the Tories took from Labour – the PM promised to tackle the “unresolved challenges” of the last three decades, highlighting problems in building, social care, transport and the economy.

He acknowledged that jobs which existed in January “are not coming back” after the coronavirus crisis, and the furlough scheme which has seen the state pay people’s wages cannot continue forever.

In response “we will offer an Opportunity Guarantee so that every young person has the chance of apprenticeship or an in-work placement so that they maintain the skills and confidence they need to find the job that is right for them”.

Merkel: Britain must ‘live with consequences’ of looser ties with Brussels

  Merkel: Britain must ‘live with consequences’ of looser ties with Brussels It comes as a senior UK Brexit adviser signalled the next phase of talks with the EU would be tough.The German chancellor spoke with six European newspapers ahead of Germany assuming the rotating presidency of the EU council on July 1, and a day after Mr Johnson’s senior Brexit adviser signalled the next phase of talks with the bloc would be tough.

BORIS Johnson has promised a new 'Roosevelt' style deal to pull Britain out of the coronavirus crisis with a The PM said the country needed a new programme of investment to get through the corona THE New Deal was a huge package of economic support and programmes for America to get them

Boris Johnson delivers a speech outlining his government' s plans for nationwide economic recovery after lockdown due to the COVID-19 outbreak. He is set to announce a multi-billion pound " new deal " for infrastructure projects to stimulate the UK economy .

Promising to “build, build, build” his way out of the crisis, Mr Johnson said he would slash “newt-counting” red tape in the planning system to speed up delivery of infrastructure projects and homes.

The announcements included:

– £1.5 billion to be allocated this year to hospital maintenance;

– More than £1 billion for a 10-year school rebuilding programme;

– £100 million to be spent on road projects;

– £900 million for “shovel-ready” local growth projects in England during 2020/21.

The Prime Minister acknowledged “it may seem a bit premature to make a speech now about Britain after Covid” given events in Leicester, where a local lockdown has been imposed.

But “we cannot continue simply to be prisoners of this crisis” and the country “needs to be ready for what may be coming”.

“We’re waiting as if between the flash of lightning and the thunderclap with our hearts in our mouths for the full economic reverberations to appear,” he said.

Governments ‘asleep at the wheel’ at start of pandemic, Labour leader claims

  Governments ‘asleep at the wheel’ at start of pandemic, Labour leader claims Sir Keir Starmer made the comment during an online question and answer session.During a Call Keir online question and answer session with people in Lanarkshire, Connie McCready told him: “We should have closed down earlier.

Boris Johnson has pledged to spend tens of billions of pounds on a raft of infrastructure projects and jobs programmes to help the UK economy bounce back from the coronavirus crisis. A new taskforce, called Project Speed, will look to cut down the time it takes to approve infrastructure projects.

Other than Mr. Johnson ’ s reference to the mugger, there was little evidence on Monday of the glib, happy-go-lucky prime minister who resisted imposing strict social distancing measures and boasted about shaking hands with coronavirus patients during the early days of the outbreak.

Chancellor Rishi Sunak will set out a plan to support the economy through the first phase of the recovery next week, Mr Johnson said.

a man carrying a surfboard: Prime Minister Boris Johnson during a visit to the Speller Metcalfe’s building site at The Dudley Institute of Technology (Jeremy Selwyn/Evening Standard/PA) © Provided by PA Media Prime Minister Boris Johnson during a visit to the Speller Metcalfe’s building site at The Dudley Institute of Technology (Jeremy Selwyn/Evening Standard/PA)

Mr Johnson said there had already been a “vertiginous drop in GDP” but indicated he would borrow to fund the recovery.

“We will not be responding to this crisis with what people called austerity, we are not going to try to cheese-pare our way out of trouble, because the world has moved on since 2008.”

Mr Johnson said the plan, which involves tearing up planning rules, would “build back greener and build a more beautiful Britain”.

To improve connectivity around the country, the Government will carry out a study of all future road, rail, air and cross-sea links between the four nations of the UK.

a screenshot of a cell phone: ECONOMY GDP © Provided by PA Media ECONOMY GDP

The Prime Minister said that “too many parts of this country have felt left behind, neglected, unloved, as though someone had taken a strategic decision that their fate did not matter as much as the metropolis”.

15 people die with coronavirus in UK - lowest daily toll since mid-March

  15 people die with coronavirus in UK - lowest daily toll since mid-March The number of people in the UK who have died with COVID-19 has risen by 15 to 42,647 - the lowest daily increase since mid-March. © Getty The actual death toll is thought to have passed 53,500 The government has also reported an increase in cases of below 1,000, with 958 positive results from 139,659 tests carried out in the 24-hour period up to 9am on Monday.Overall, a total of 8,029,757 coronavirus tests have been carried out and there have been 305,289 positive cases, according to the Department of Health (DHSC).

As the coronavirus spreads, stock prices have been in free fall. Since its peak in February, the S &P 500 has plunged by 17%. Oil prices are plummeting, too.

Boris Johnson has repeated his threat of walking away from trade talks with Brussels after German chancellor Angela Merkel warned Britain would have to “live with the consequences” of abandoning close ties. During a conversation on Saturday with Polish prime minister Mateusz Morawiecki

Mr Johnson’s speech, at a technical college in Dudley, was watched by an audience of just 24 people including a handful of journalists.

In response to criticism about the scale of his intervention, the Prime Minister said it was a “speeded up, intensified and increased” version of manifesto pledges.

The Prime Minister also faced scrutiny over an apparent cut in the affordable homes programme – which had been promised as £12.2 billion over five years at the Budget in March but is now being stretched over eight years.

The Ministry of Housing, Communities and Local Government said the money included “additional funding to support long-term partnerships with the sector over eight years”.

CBI director-general Dame Carolyn Fairbairn said a “jobs-first recovery” and infrastructure investment could help limit the economic damage.

But she added that “the reality is that longer-term plans will falter without continued help for firms still in desperate difficulty”.

Labour leader Sir Keir Starmer said: “The Prime Minister promised a New Deal, but there is not much that’s new, and it’s not much of a deal.

“We are facing an economic crisis – the biggest we have seen in a generation – and the recovery needs to match that.

“What’s been announced amounts to less than £100 per person, and it’s the re-announcement of many manifesto pledges and commitments.”

Boris Johnson pledges 'infrastructure revolution' for coronavirus crisis .
Johnson's announcement was overshadowed by the first local lockdown since easing of lockdown, because of a spike in cases in the city of Leicester.But his optimistic message was thin on detail and reminiscent of last year's election pledges.

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