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Business Matters: Biden unveils spending plan worth trillions

Biden unveils spending plan worth trillions

01/04/2021 GMT

BBC World Service - Business Matters, Biden unveils spending plan worth trillions

The plan is aimed at re-igniting America's economic growth

The plan is aimed at re-igniting America's economic growth, upgrade its crumbling infrastructure and tackle climate change.

US President Joe Biden has unveiled the details of a spending plan aimed at re-igniting America's economic growth. We analyse what exactly it will be spent on, and where the money will come from. Food delivery app Deliveroo's shares have fallen on its stock market debut after a number of major UK investors expressed concerns about its gig economy worker model. We hear what this means for the company from Sophie Lund-Yates at investment company Hargreaves Lansdown. 

The French President Emmanuel Macron has put mainland France back into lockdown for four weeks from Saturday. He also plans to offer the vaccine to all adults by the end of the summer. Meanwhile the new Director General of the World Trade Organisation has urged pharmaceutical companies to make enough Covid vaccine for everyone in the world or hand over the technology to developing countries. Dr Ngozi Okonjo-Iweala spoke to the BBC's economics editor Faisal Islam. Plus, Tamasin Ford looks at the idea of a ‘feminist city’ – what it is and where in the world is getting it right. 

All this and more discussed with our two guests on opposite sides of the world: Sushma Ramachandran, columnist with the Tribune in Delhi and Mitchell Hartman from Marketplace, in Portland Oregon.      


(Picture: US President Joe Biden. Credit: Getty Images)

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