After a year of recovering from the flu pandemic, the UK economy is expected to grow by 7% this year, says Boris Johnson, adding that it is still early to predict the effects of the pandemic.
The UK’s GDP fell by 9.9% in 2020 due to coronavirus restrictions, and unemployment will rise to about 5.5% in the fall.
The government borrowed £299 billion to back up the economy, but less than expected.
Mr Johnson said that the roll-out of vaccines had helped to increase job numbers and that the rest of the year would see steady economic recovery.
The Prime Minister referred to an IMF report saying that jobs are coming back. The IMF recommended taking a cautious approach to the recovery.
Deputy Labour Leader Angela Rayner stated that flexible work should be a right for all and lead to better work/life balance.