Market news
29.06.2020, 08:14

Johnson says he will double down on spending plans

Reuters reports that British Prime Minister Boris Johnson said he planned to double down on his plans to increase public investment and a return to austerity would be a mistake as the country tries to recover from the coronavirus hit to the economy.

Johnson told Times Radio on Monday that he wanted a "Rooseveltian" approach to the economy, a reference to former U.S. President Franklin D. Roosevelt whose "New Deal" programme helped the United States recover from the Great Depression.

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