NHS pension strike will cost economy £500m warn ministers

Strikes over public sector pensions could cost the economy over half a billion pounds, ministers have warned.

Mr Alexander: strike will have a ‘significant impact’ on the economy
Speaking at a press conference in London on Thursday, Danny Alexander, chief secretary to the Treasury, said that he hoped public sector workers would not strike next week, following the ‘very good, positive offer’ the Treasury had made.

Mr Alexander warned that if public sector strikes did go ahead and all members of unions that had balloted went on strike, it would have a ‘significant impact’ on the economy.

‘We estimate in the worst case scenario potentially half a billion pounds of lost output to the United Kingdom,’ Mr Alexander said.

The Treasury has estimated that if every public sector worker who voted in union ballots (around 900,000) went on strike, public sector output would fall by 15%.

The knock-on effect of this, including the childcare implications caused by schools closing, would cause the output of the private sector to drop by 3 to 4%.

If everyone who was balloted by their union went on strike, around two-and-a-half to three million people, the cost to the economy would double to over half a billion pounds, the Treasury has estimated.

Whether you have been balloted and are taking action or you have decided to display your support for NHS colleagues who are striking, GP would like to hear about your plans for 30 November.

We'd like to know exactly what you are doing and what the reaction from patients has been like. We'd prefer to include your details but do specify if you would rather be anonymous.

Please get in touch with and send your photos to abi.rimmer@haymarket.com and neil.durham@haymarket.com.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register

Already registered?

Sign in


Just published

GMC sign

Gaps in GMC referral and exam pass rates for ethnic minority doctors falling, says GMC

Gaps in fitness to practise referrals and exam pass rates between doctors from white...

Pharmacy shelves

Menopause prescribing advice updated as HRT shortage continues

The British Menopause Society has recommended alternative options for prescribers...

GP sign

Using IIF cash to top up staff pay risks major gap in practice finances, warn accountants

GP practices could face a major cash shortfall in 2024/25 if they use investment...

Paxlovid – one of the treatments available for COVID-19

GPs could play bigger role in prescribing COVID-19 treatments from end of June

GPs could play a greater role in prescribing COVID-19 treatments to patients at risk...

Physiotherapist works with patient

Is the government right to claim its 26,000 additional roles target has been met?

Prime minister Rishi Sunak claimed last month that the government had met its manifesto...

Statement of fitness for work

GP training: Tips for completing FIT notes

GP trainer Dr Pipin Singh provides advice for trainees on how to complete fit notes,...