British Prime Minister announces £5 billion investment plan
Xinhua News Agency, London, June 30 (Reporter Wang Huihui) British Prime Minister Johnson announced on the 30th that the government plans to invest 5 billion pounds (1 pound is about 1.23 US dollars) to accelerate infrastructure construction to restore the impact of the COVID-19 epidemic. Employment and economy.
Speaking at an event that day, Johnson said that the British government plans to accelerate investment in various fields such as hospitals, transportation and school construction, hoping to narrow down the economic and Gaps in social development.
This investment plan places employment and infrastructure construction at the center of the UK government’s economic growth strategy. Johnson said: "The government is not only committed to defeating the virus, but will eventually use the epidemic crisis to solve the huge challenges that Britain has not resolved in the past decades." The economy faces serious challenges this year. In April, UK GDP fell 20.4% month-on-month, the largest decline since the monthly record in 1997. The Organisation for Economic Co-operation and Development recently predicted that the UK economy would decline by 11.5% in 2020 without the outbreak of the second wave of outbreaks.