We will use your email address only for sending you newsletters. Please see our Privacy Notice for details of your data protection rights.
The Chancellor Rishi Sunak took the BBC to task this morning after host Martha Kearney claimed that France was doing more to save its economy than the UK Government. The heated flare-up follows the Chancellor’s announcement of a raft of big-spending measures to help the economy on Wednesday. However, the BBC’s Radio 4 Today programme host Martha Kearney claimed that France and other major EU countries were doing more than the UK.
Mr Sunak savaged this claim and went on to argue how the UK was, in fact, offering the “most comprehensive” recovery plan in the entire world.
In his announcement on Wednesday, the Chancellor said the Government was “throwing everything we can” to stem job losses with the new plans.
The measures announced include a VAT cut for the hospitality and tourism sectors, a bonus scheme for employers and an eating out money off scheme for August.
He warned “hardship lies ahead”, but vowed no-one will be left “without hope”, in a statement to MPs.
JUST IN: Sunak may ‘come to regret’ new plans as Chancellor issued warnings
Kearney said: “There is a big focus on the services sector but what about the manufacturers, aviation, cars?
“The French Government has set out a £7billion recovery package for its own automotive sector.
“All of this is important but it’s not on the scale of other European countries, is it? Could those sectors hope for more help down the line?”
Mr Sunak hit back: “When we look at other countries, I would caution against comparison.
“Some of the things those countries are doing will take many years to happen.
“On the question of other country’s responses, if you look at the totality of our response, research from the IMF shows the sum of everything we’ve done ranks as one of the most comprehensive and generous and significant sets of interventions of any major country anywhere in the world.
“Other countries might have decided to do their recovery plan slightly different but our economy is driven by consumption and social consumption so that requires a particular response.
“It’s absolutely not right to compare directly us to other economies. The scale of what we’ve done as a percentage of GDP ranks us as one of the countries that has done the most.”
BBC Weather: Temperatures jump to 26C as heatwave sweeps across UK [VIDEO]
Kay Burley puts Dodds on spot over Labour demands from Sunak [VIDEO]
Eurocrats should NOT be making economic forecasts about UK, says poll [POLL]
Figures released by the Treasury reveal that public spending on the battle against coronavirus has risen to nearly £190billion.
On the other hand, Emmanuel Macron and his French Government is coming under fire after companies he agreed to bailout have since announced thousands of job cuts.
Air France announced this week plans to cut 7,500 jobs despite a mammoth £6billion state bailout tor rescue the arline.
In June, thousands of French workers rallied against Renault’s plans to cut 15,000 jobs worldwide, including 4,600 in France.
Source: Read Full Article