Laying out his plans to get things moving again, the Prime Minister said a task force led by Chancellor Rishi Sunak would concentrate on getting hospitals, schools and roads built at pace. His admission comes as travel companies have been inundated with holiday bookings from Britons desperate to enjoy an overseas break over the coming weeks and months.
The Government is expected to announce a July 6 date for the return of non-essential trips to some European countries.
Speaking to The Daily Mail, Mr Johnson said: "The lesson is to act fast and we're going to make sure that we have plans to help people whose old jobs are not there anymore to get the opportunities they need.
"We are absolutely not going back to the austerity of 10 years ago."
He is expected to discuss his plan more in-depth during a speech on Tuesday.
In April the economy shrank by a record 20.4 percent.
The contraction was three times greater than the decline seen during the whole of the 2008 - 2009 economic downturn.
Mr Johnson added: "We are going to be doubling down on levelling up.
"If COVID was a lightning flash, we're about to have the thunderclap of the economic consequences.
"We're going to be ready."
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9.09am update: UK will 'build its way back to health,' pledges Johnson
The Prime Minister has taken to Twitter this morning to reassure Britons amid economic and job uncertainty.
He tweeted: "We want to build our way back to health.
"If Covid was a lightning flash, we’re about to have the thunderclap of the economic consequences. We’re going to be ready."
8.45am update: Unemployment may already be at record high, warns shadow cabinet minister
Jonathan Reynolds, Labour's shadow work and pensions secretary, said it was "possible already that unemployment is the highest it has ever been".
As a result of the impact on the jobs market, Labour is calling for the Chancellor to be more flexible with the furlough scheme and continue to provide financial support to certain sectors.
Speaking to Sky News' Sophy Ridge On Sunday programme, Mr Reynolds said: "We need a jobs Budget - the focus should be jobs, jobs, jobs and jobs again.
"Crucially, things like the furlough scheme cannot be a one-size-fits-all scheme.
"If you look around the world a lot of countries are acting flexibly - we need to see that in this country for sectors that are still very much affected by the crisis."
The Government should guarantee jobs to those out of work for a "significant period of time", emulating the Future Jobs Fund which was created after the 2008 global crash, said Mr Reynolds.
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2020-06-28 07:29:04Z
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