UK's Johnson says he will double down on spending plans
LONDON (Reuters) – 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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