For the first time in 10 years, the Uk intends to throw money at helicopters

The worst recession of 300 years is approaching, the British government's bailout plan is always a step slower, the plan to avoid ugly unemployment data is paid leave, watching the end of the leave plan in October, the British think tank IFS said that the UK's budget deficit in 2020/2021 may be around 350 billion pounds. The next step may be to throw money away.

The market seems to be satisfied with the UK government's £30 billion stimulus package. Britain's Chancellor of the Exchequer Sunak has also proposed an employment retention scheme to get people back to work, as well as retraining programs for young people.

Sunak has unveiled a new round of fiscal stimulus worth £30 billion to boost the economic recovery, and according to the main content, the largest measure may be the job retention bonus, under which employers can return employees on leave to work, and if certain conditions are met, each employee can receive a bonus of £1,000, which would theoretically be £9.4 billion if 9.4 million jobs were to be retained.

The bank argues that in terms of long-term implications, given that the national debt-to-GDP ratio exceeds 100% for the first time since 1963, this is clearly an affirmation of future fiscal austerity, and they acknowledge that vacation programs cannot and should not last forever; in any case, it is doubtful that governments will have a tough game in fiscal discipline in the future, but the reality is that 10 years of modern monetary theory and helicopter money-throwing policies will be ushered in.

The EU has pressed Britain to commit to forging close ties with the EU in areas ranging from fishing to harmonized competition standards – a "level playing field"– but the UK has so far resisted PRESSURE from the EU because British Prime Minister Boris Johnson only wants a narrower trade deal. Johnson is a leading advocate for Brexit.

Johnson's spokesman described the dinner hosted by Britain's chief negotiator, David Frost, and the EU's chief negotiator for Brexit, Michel Barnier, as "a constructive opportunity for Frost and Banier to meet informally before today's ad hoc meeting on different issues". On Wednesday, Barnier reiterated that his team's hard work on fisheries and a level playing field are two factors that have hindered a deal in negotiations so far.

German Chancellor Angela Merkel said on Wednesday that Germany would continue to push for a new cooperation agreement with Britain by the end of the year, but the EU should also be prepared for a no-deal Brexit in 2021.

Britain, which left the European Union in January, is now in the midst of a one-year transition period during which the two sides will negotiate a new relationship in everything from trade to security. Negotiations between the UK and the EU have so far reached an impasse. A round of talks last week ended prematurely, with both sides saying they had yet to overcome their differences in positions despite their desire for a deal, which could lead to Britain ending the transition period without a trade deal.

British and EU officials met in London this week to talk about goods, services, fisheries, governance, a level playing field and law enforcement. Earlier, negotiators from both sides had an informal dinner.