British Prime Minister Boris Johnson maintained that despite his share of Covid-19, his condition did not stop him from drawing new spending pledges meant at re-establishing the economy to an even stronger standing before the pandemic.
Johnson at the Conservative Party annual conference, drawing from his share of COVID-119 to elucidate his aims for the economy, said:
Johnson said he had a horrible experience with the disease since he also had a prevalent underlying condition.
Johnson said during the lockdown, the U.K. economy was “on the face of it is a pretty good shape” but concomitantly had some “chronic underlying problems,” such as skills deficit, lack of affordable housing, and “inadequate” transport infrastructure.
He promised to increase productivity and disclosed that the government would focus its investment in revolutionary scientific research by creating a National Advanced Research and Projects Agency. He also pledged to increase spending on vocational skills and training, education, care homes, and preventing crimes.
We’re resolving not to go back to 2019 but to do better, to reform our system of government, to renew our infrastructure, to spread opportunity more widely and fairly, and create the conditions for a dynamic recovery that is led not by the state but by free enterprise… After 12 years of relative anemia, we need to lift the trend rate of growth, and we need to lift people’s incomes, not just go back to where we were.”Prime Minister Boris Johnson
In addition to the country’s existing wind energy capacity, the government has also pledged to invest £160 million ($207 million) in ports and factories to manufacture wind turbines to shift the energy workforce into the green economy in ten years.
“As Saudi Arabia is to oil, the U.K. is to wind, a place of almost limitless resource but in the case of wind, without the carbon emissions, without the damage to the environment.”PM Boris Johnson
Lastly, Pm Johnson also proclaimed that the government would lessen deposit requirements for homebuyers to promote greater homeownership levels among under-40s.
As of Tuesday, more than 518,000 cases of Covid-19 had been confirmed in the U.K., with 42,459 deaths, according to Johns Hopkins University.