Boris gets enraged as he responds to calls for additional foreign help, saying, “We’re in the darkest recession!” ’
BORIS JOHNSON has dismissed proposals to revive the UK’s 0.7 percent foreign assistance promise, arguing that the country is in the greatest recession on record.
During a House of Commons discussion, Boris Johnson revealed that the UK government supports a return to a 0.7 percent foreign aid payment in the future. The Prime Minister, on the other hand, emphasized the seriousness of the nation’s economic challenges as a result of the coronavirus outbreak.
“I believe there is common ground on this essential matter between the Government and honorable members on both sides of the House,” Mr Johnson added.
“We believe in the ability of aid to change the lives of millions of people.
“As a result, we continue to agree that the United Kingdom should continue to devote 0.7 percent of its gross domestic product to official development assistance.
“This is not a philosophical debate; the only question is when we will return to 0.7 percent.”
“Here we must face the painful reality that the world is currently experiencing a once-in-a-century catastrophe,” he continued.
“This pandemic has thrown our country into the worst recession it has ever experienced.”
“[The pandemic] is paralyzing our national life, endangering entire sectors of the economy, and forcing the Chancellor to find almost £407 billion to protect livelihoods and jobs, as well as support businesses and public services across the UK.”
“Everyone will accept that when you are suddenly required to spend £407 billion on sheltering our people from an economic hurricane never experienced in living memory, the most inevitable repercussions for other sectors of public spending will be the most inevitable consequences,” he continued.
Mr Johnson also laid out the two conditions that must be met before the UK government returns to its 0.7 percent payment.
“I can promise any honorable member who tries to make the case for aid that they are preaching to the converted when it comes to me or anyone in the Government,” he said.
“Based on that belief, we will revert to 0.7 percent as soon as two critical tests are passed.
“First and foremost, the United Kingdom no longer borrows for present or ongoing expenses.
“Second, public debt as a percentage of GDP is declining, excluding the Bank of England.”
Boris Johnson also thanked Chancellor Rishi Sunak for guiding the UK through the Brexit process. “Brinkwire News in Condensed Form.”