United Kingdom  

Johnson announces 'New Deal' to prepare for coronavirus economic shock

Video Credit: PA - Press Association STUDIO - Duration: 01:56s - Published
Johnson announces 'New Deal' to prepare for coronavirus economic shock

Johnson announces 'New Deal' to prepare for coronavirus economic shock

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.

0
shares
ShareTweetSavePostSend
 

💡 One News Page Knowledge: Other News Mentions

New Deal New Deal Economic programs of U.S. President Franklin D. Roosevelt

What was Roosevelt's New Deal and how does Boris Johnson's plan compare?

History professor advises prime minister to 'look more closely' at comparison
Independent
Prime Minister pledges spending blitz to heal economy after Covid-19 [Video]

Prime Minister pledges spending blitz to heal economy after Covid-19

Boris Johnson has promised an infrastructure spending blitz to revitalise the battered UK economy in the wake of the coronavirus pandemic.The Prime Minister said he is preparing for an effort comparable to Franklin D Roosevelt’s New Deal following the Great Depression in the US in the 1930s.

Credit: PA - Press Association STUDIO    Duration: 00:44Published

Boris Johnson Boris Johnson Prime Minister of the United Kingdom

Boris Johnson orders quarter of a million pounds 'compensation' to top civil servant after mysterious resignation

Sir Mark Sedwill is stepping down from his role amid rumours that he has been forced out by Dominic Cummings
Independent

Trade Secretary says Boris Johnson's Brexit border plans vulnerable to smugglers and WTO challenge

Leaked letter shows Liz Truss has concerns with government's approach
Independent

Leicester politicians reject Boris Johnson's attempt to blame mayor for factory exploitation

'The Prime Minister must take responsibility for these failures,' says Claudia Webbe, MP for Leicester East
Independent
Starmer urges Johnson to apologise for comments on care homes [Video]

Starmer urges Johnson to apologise for comments on care homes

Labour leader Sir Keir Starmer called on Boris Johnson to apologise for his comments on care homes.Sir Keir said: “On Monday, when asked why care home deaths had been so high the Prime Minister said, and I quote, ‘too many care homes didn’t really follow the procedures in the way that they could have’.“That has caused huge offence to frontline care workers. It has now been 48 hours. Will the Prime Minister apologise to care workers?”Mr Johnson replied: “The last thing I wanted to do is to blame care workers for what has happened or for any of them to think that I was blaming them because they’ve worked hard, incredibly hard, throughout this crisis, looking after some of the most vulnerable people in our country and doing an outstanding job.”“And as he knows, tragically, 257 of them have lost their lives.“And when it comes to taking blame, I take full responsibility for what has happened.”

Credit: PA - Press Association STUDIO    Duration: 01:32Published
Boris Johnson evades questions on hospital parking fees [Video]

Boris Johnson evades questions on hospital parking fees

Prime Minister Boris Johnson evaded questions from Labour Leader Sir Keir Starmer over reports that free parking for hospital staff will soon end. Report by Browna. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 01:31Published

Franklin D. Roosevelt Franklin D. Roosevelt 32nd president of the United States

Boris Johnson's plan to rebuild the economy might actually be even more inadequate than he is

The pre-briefed Franklin D Roosevelt comparisons never appeared in the end. You can no longer even believe what the prime minister hasn't said
Independent

Great Depression Great Depression 1930s worldwide economic depression starting in the United States

Thinking About Starting A Business? Consider These Things, Then Go For It [Video]

Thinking About Starting A Business? Consider These Things, Then Go For It

According to Business Insider, research shows that Americans who work for themselves report high levels of happiness and satisfaction. And considering the US now has a higher rate of unemployment than during the Great Depression, perhaps it's time to think about creating your own job. If you're thinking about starting your own business, the first thing to do is to get started. Think about what you want to do or sell, and if there's a market for it.

Credit: Wochit News    Duration: 00:45Published
American Spending Tanks [Video]

American Spending Tanks

The COVID-19 Pandemic has cratered the global economy. U.S. consumers reduced spending by the most on record for the second straight month in April. Reuters reports that savings is at an all-time high. Economists anticipate the largest contraction in gross domestic product in the second quarter since the Great Depression of the 1930s. The data this month has been dismal on the labor market, manufacturing production and homebuilding.

Credit: Wochit News    Duration: 00:32Published
Are You On An H-1B Visa? Here's What To Do If You Get Laid Off [Video]

Are You On An H-1B Visa? Here's What To Do If You Get Laid Off

The US unemployment rate jumped to 14.7% in April. It's the highest it's been since the Great Depression. According to Business Insider, the April jobs report shows that more than 20 million jobs were lost in a single month. Losing a job is frightening for anyone, but particularly for foreign workers who are in the US on an H-1B visa. Laid off foreign workers have 60 days to come up with a formal reason for staying in the US. If the reason isn't accepted, the worker must leave.

Credit: Wochit News    Duration: 00:42Published

You Might Like


Tweets about this


Related videos from verified sources

Rebound Mid-Michigan - Sticker Shock for Restaurants/Businesses Face New Hurdle in Reopening [Video]

Rebound Mid-Michigan - Sticker Shock for Restaurants/Businesses Face New Hurdle in Reopening

Restaurants looking to reopen are facing financial hardships like never before. Now economic experts believe both businesses and consumers will be forced to change the way they operate. Kai Beech..

Credit: FOX 47 News Michigan     Duration: 02:30Published