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
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

Follow Us:

Just published

Rebuild GP campaign logo

Hundreds of GPs sign open letter highlighting 'decades of neglect' of general practice

Hundreds of GPs have signed an open letter to patients warning that 'decades of neglect'...

Dr Farah Jameel

PCNs are 'existential threat' to GP independent contractor model, BMA warns

The BMA's England GP committee has warned that PCNs pose an 'existential threat'...

Houses of Parliament

GP partnerships 'like collapsing Jenga stack' after Javid threat to nationalise practices

Sajid Javid's decision to back a report calling for the end of the GMS contract within...

£20 notes spread out

VAT trap for PCNs could strip millions of pounds from general practice

Tens of millions of pounds could be stripped from general practice because work carried...

Talking General Practice logo

Podcast: Is the BMA representing GPs effectively, why GPs face a pension tax hit, and views on the workload crisis

In our regular news review the team discusses representation of GPs, a new survey...

Man sleeping

NICE guidance on insomnia backs app to replace sleeping pills

Hundreds of thousands of people with insomnia could be offered treatment via a mobile...