Andrew Neil savages Rishi Sunak for 'splashing cash' on 'Gordon Brown-style' Budget 2020
ANDREW NEIL questioned how much the Government would have to borrow to fulfil the goals set out by Rishi Sunak during his budget speech.
Budget 2020 compared to Gordon Brown's by Andrew Neil
Upon reflecting on Rishi Sunak's budget speech, Andrew Neil likened the spending plans to that proposed by Gordon Brown during his time as Chancellor of the Exchequer. Mr Neil insisted Mr Sunak's budget was "splashing the cash" over a variety of issues despite still planning to cut, freeze and abolish taxes. Mr 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."
DON'T MISS: UK recession WARNING: Andrew Neil fears disaster after BoE statement
Mr Neil explained the multiple areas Mr Sunak claimed Boris Johnson's Government hoped to boost the economy.
The BBC host said: "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."
Budget 2020: Jeremy Corbyn takes swipe at Rishi Sunak
Mr Andrew Neil then commented on Mr Sunak's plans to use the new budget to help deal with the coronavirus issue.
The BBC host 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 £30 billion stimulus to support the economy during the current crisis.
READ MORE:
Macron's Achilles' heel: One area set to cost France in Brexit talks [EXCLUSIVE]
Lord Owen exposes Boris's plan to get rid of pro-EU London elite [INSIGHT]
Brexit on brink: David Frost's staggering confession on Canada deal [REVEALED]
"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."