Home Business News Budget 2020: Andrew Neil hits out Chancellor for ‘splashing cash’

Budget 2020: Andrew Neil hits out Chancellor for ‘splashing cash’

by LLB Reporter
11th Mar 20 4:33 pm

Andrew Neil has slammed the Chancellor, Rishi Sunak over his spending plans and has likened it to that of a “Gordon Brown budget.”

Neil said, “The Chancellor of the Exchequer has spoken for over an hour and it was packed with announcements.

“Particularly on spending plans, though it was not completely clear where all the money was coming from.

“But I think we will be hearing a lot more of the b-word, borrowing.

“There is going to be a huge increase in government borrowing to pay for all of that but he certainly splashed the cash.

“In many ways, it was reminiscent of a Gordon Brown budget, a lot of money being handed out in various directions.”

The BBC host added, “He splashed the cash from everything to more money for the NHS, roads, to research and development.

“He also mentioned various tax cuts and various freezing of taxes like the fuel levy.

“It was a huge budget in terms of its content, and it will take a lot of unpicking and we are already starting to do that.”

Neil further questioned the Chancellor’s plans to use the budget over the coronavirus outbreak.

He said, “Above all, Mr Sunak began with a massive injection into the economy to cope with the economic impact of the coronavirus.

“He said his measures, taken together, would amount to a £30bn stimulus to support the economy during the current crisis.

“He added the NHS would get whatever it takes in funding in order to deal with it.

“There were various measures for people that would lose their jobs, or be laid off, have to have sick leave and so on and all sorts of money would go there and that government would continue to be able to finance that for the foreseeable future.

“This budget is far removed from the austerity sort of budgets that we have been used to up until recent years from this Conservative government.”

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