Britain To Reveal Post-coronavirus Recovery Plan

The British government will on Wednesday unveil a mini-budget to kickstart economic growth after the coronavirus shutdown, with a jobs scheme for young people and investment in infrastructure among the big ticket measures

London, (APP - UrduPoint / Pakistan Point News - 8th Jul, 2020 ) :The British government will on Wednesday unveil a mini-budget to kickstart economic growth after the coronavirus shutdown, with a jobs scheme for young people and investment in infrastructure among the big ticket measures.

Britain has suffered Europe's deadliest outbreak of COVID-19 and a nationwide shutdown led to the worst economic contraction among the G7 leading industrialised states.

In a statement to parliament at 1130 GMT, finance minister Rishi Sunak will detail a 2 billion (2.2-billion-euro, $2.5 billion) jobs scheme for young people at risk of long-term unemployment.

He has also already announced 3 billion of green investment, after Prime Minister Boris Johnson vowed to "build, build, build" out of the economic crisis.

"As Britain recovers from the outbreak, it's vital we do everything in our power to support and protect livelihoods across the nation," Sunak said ahead of the statement.

The investment package includes 2 billion in grants for households to insulate homes and make them more energy efficient, and another 1 billion for public sector buildings, including hospitals.

The plan is part also of Britain's long-term pledge to reduce carbon emissions to net zero by 2050 to tackle climate change.