Additional investment in the UK economy

Additional investment in the UK economy

© Hürriyet
Additional investment in the UK economy

The British government announced that £ 1.57 billion will be invested to support cultural and artistic activities, and £ 2 billion to invest in energy insulation of homes.

The British Treasury said in a statement that a total of £ 1.57 billion was allocated to support museums, galleries, theaters, independent cinema and live music venues in the UK.

The statement stated that thousands of arts and cultural organizations affected by the new type of coronavirus (Kovid-19) epidemic will be financially supported, while the £ 2 billion government support was the largest investment in culture in this time.

It was emphasized that approximately 350 thousand people working in entertainment and recreation fields benefit from the paid leave program in the country due to the epidemic.

“From the iconic theaters and musicals to the fascinating shows in our world-class galleries and concerts in the basement, the culture industry is the beating heart of this country,” British Prime Minister Boris Johnson said. found the assessment.

Another step of the British government’s revival of the economy was the decision to grant the homeowners’ thermal insulation.

According to the treasury’s statement, the British government will grant homeowners between £ 5,000 and £ 10,000 per household to be used in the field of energy savings.

It was stated in the statement that the total volume of the grant project will be approximately 2 billion pounds and will provide employment for about 100 thousand people.

The British economy recorded the sharpest contraction on a quarterly basis since 1979, with 2.2 percent in the first quarter of this year.

Leading data for May in the UK show that 612 thousand people lost their jobs in the country.

According to the latest data in the country, 9 million people benefit from the British government’s salary support in the quarantine process.

A report by the University of Essex Social Economic Research said that more than 6.5 million people could lose their jobs due to the economic deterioration caused by the epidemic in England.


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