Cameron to announce new jobs from 100 projects
London, England, United Kingdom (AHN) – British Prime Minister David Cameron was scheduled to announce on Monday the creation of thousands of new jobs to jump start the British economy, which is in danger of falling into a double dip recession.
The new jobs will come from more than 100 projects to be financed by $1.5 billion (₤1 billion) in public money. The spending is expected to be matched by the private sector, particularly those in the telecommunications, services, hospitality, electronics and automotive industries.
Among the infrastructure projects the joint government-private sector initiative is expected to launch is the super-fast broadband project for rural areas. The $450-million (₤300-million) project aims to make available fiber broadband to rural Britain by the end of 2014. The project would boost the number of British homes and offices with access to fiber broadband by the end of 2014 to 17 million from the current 6 million.
Other projects under the pipeline include the construction of two new power stations in Yorkshire which would create 1,000 new jobs and enough energy to light more than two million residences.
Over the weekend, 100 British economists asked the coalition government to have a Plan B to save jobs in the country.
The economists criticized Chancellor George Osborne for sticking to his austerity program, which they blame for the threat of a double dip inflation over Britain just three years after the 2008 global financial crisis from which the country has yet to recover.
The economists pushed for an end to spending cuts and sought another round of quantitative easing to finance a Green New Deal to create thousands of new jobs.
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