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Bloomberg Quicktake: Now published this video item, entitled “Queen’s Speech: U.K. Government Sets Out Revival Plan After Covid Crisis” – below is their description.
Prime Minister Boris Johnson set out his blueprint for the U.K.’s revival after the coronavirus crisis, promising new laws to unleash “the nation’s full potential” and saying the country must not return to how things used to be done.
In the traditional speech to Parliament by Queen Elizabeth II, the government set out a legislative program with measures to spread broadband Internet and 5G mobile coverage, boost home ownership and reform health care.
The overarching theme is one of recovery from a pandemic that hit the U.K. with its biggest crisis since World War II, with more than 127,000 deaths.
At the same time, Johnson aims to take advantage of the U.K.’s new freedom from European Union rules to set its own state subsidy regime for businesses, reform government procurement and create at least eight freeports.
Writing the foreword to the speech, Johnson returned to the theme of helping economically disadvantaged regions of the U.K. It’s a message that won him a big majority in 2019 elections and he cemented those gains in local votes last week.
“We have been given an historic opportunity to change things for the better, level up opportunities across the whole of the United Kingdom and address the problems that have constrained us far too often before,” Johnson wrote.
A successful vaccination program, with two-thirds of adults having received at least one shot, has enabled Johnson to press ahead with lifting the pandemic lockdown in stages, allowing the economy gradually to reopen. Yet with so much financial support given to businesses and citizens, the government will also need to address the impact on public finances.
More: https://trib.al/hEpOBcmBloomberg Quicktake: Now YouTube Channel
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