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.

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