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Shaken government, Boris Johnson unveils new strategy for UK economy – SABC News

In the wake of a major uprising against his government this week, British Prime Minister Boris Johnson promised on Thursday that it would revive the economy and make it easier for young people to buy a home.

Johnson will pledge “budget power” to help reduce the cost of living worse for families, in his first prophecy since Monday’s vote of confidence of 41% approved by his own legislature ya.

The previous Conservative president who did well in such elections later ousted him.

Johnson’s announcement follows a reduction in UK growth forecasts from the Chambers of Commerce (BCC) and the Paris-based Economic and Development Council (OECD), which forecast to move forward.

“Over the next few weeks, the government will introduce reforms to help people reduce costs in every aspect of housing, from food to energy to childcare to travel and housing,” Johnson said. will say during a visit to the northern part of England. Lancashire, according to his office.

The president will also address the downfall of homeowners, especially among young people, his office said.

Lawmakers at Johnson’s party called Monday’s vote of confidence amid rumors of a party violating COVID-19 locks in the federal government.

While Johnson’s integrity is at the forefront of this issue, questions about his government’s financial record have grown.

The OECD is forecasting zero growth next year – the strongest of any G20 economy outside of Russia – while the BCC sees Britain’s economy shrinking 0.2% in the last quarter of this year before grow only 0.6% in 2023 and 1.2% in 2024.

The BCC said, “This decline is indicative of increasing political and economic uncertainty, as well as increasing price pressures that are hampering the ability of small businesses to invest.”

Johnson will say Thursday that the government will reduce costs for business and housing.

“By using cheaper energy, childcare, transportation, and housing we will protect families, boost productivity and above all increase the UK’s growth rate,” he said.

Labor opposition groups say Johnson was deceived.

“It is not surprising that he does not want to face the fact that economic growth in the UK will stop next year,” Labor MP Tulip Siddiq said in a statement.

Shaken government, Boris Johnson unveils new strategy for UK economy – SABC News

Source link Shaken government, Boris Johnson unveils new strategy for UK economy – SABC News

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