UK announces 2020 budget
China News Agency, London, March 11 (Reporter Zhang Ping) The British government announced on the 11th the 2020 budget, and an additional £ 12 billion will be used to prevent the new crown virus to help the country survive the crisis.
New Finance Minister Rishi Sunak said in the lower house of the British parliament that he would invest more than 600 billion pounds in roads, railways, housing and broadband projects in the next five years, fulfilling the Conservative Party's commitment during the election and Economic growth outside London and South East England.
Of the additional £ 30 billion, £ 12 billion will be earmarked for the prevention of the new crown virus, of which at least £ 5 billion will be spent on the British National Health Service (NHS).
Sunak was promoted to Chancellor of the Exchequer four weeks ago. In order to deal with the new crown virus, the government has to rush to redraft the government financial plan. Sunak warned parliamentarians that the new crown virus epidemic is still spreading rapidly and the British economy will experience "major" but temporary chaos. "We will tide over the difficulties together." "We are making every effort to maintain the health and financial security of our country and people."
The Office of Budget Responsibility (OBR) said the additional expenditure was the largest incremental additional expenditure since 1992.
Labor leader Jeremy Corbyn, the largest opposition party, said he welcomed many measures to stop the impact of the new crown virus. But the additional funding provided to the British National Health System is "too little and too late." After years of funding cuts, British public services are in crisis.
The total number of confirmed cases of New Coronavirus in the United Kingdom is 460, of which 87 new cases were added that day, and the daily increase in cases reached a new high. (Finish)