June 29, 2020 / 7:19 AM / 13 days ago

UK's Johnson says he will double down on spending plans

LONDON, June 29 (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. (Reporting by Guy Faulconbridge and Kate Holton Writing by William Schomberg, editing by Andy Bruce)

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