On Monday the Scottish Government proposed that the UK needs £80 billion of investment for a Coronavirus recovery plan – equating to 4% of the UK’s GDP. Instead, Boris Johnson has revealed his ‘New Deal’ for £5 billion of investment – 0.2% of the UK’s GDP – in a speech full of rhetoric.
He hasn’t projected how many new jobs will be created, and there are fears that his emphasis on cutting red tape will mean less protection for workers and the environment.
“I hope that what the Prime Minister has announced today is the start of a conversation about fiscal stimulus, and not the end of that conversation” – Nicola Sturgeon.