Coronavirus  

PM says state must 'stand back' from expanded role

In order to rebuild the economy “better”, Mr Johnson said the government would ensure the UK had great public services on which everyone could rely in order to raise the overall productivity of the country.

The prime minister confirmed plans, reported earlier this week, to create 2m more homeowners by offering long-term fixed rate mortgages of up 95 per cent loan-to-value in a bid to “turn generation rent into generation buy”.

He pledged to stick to his promise of building 48 new hospitals by 2030 and recruit 50,000 more nurses, while doubling the funding for “all types of revolutionary scientific breakthroughs”.

Care homes would also receive more funding, while the government would continue to recruit more police officers, the prime minister said.

Mr Johnson also pledged the UK would become the “world leader” in low cost, clean, power generation.

He said: “There is one area where we are progressing with gale force speed; and that is the green economy, the green industrial revolution that in the next ten years will create hundreds of thousands, if not millions of jobs.”

imogen.tew@ft.com

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