As the FT notes:
Manufacturers are urging the coalition to end ringfencing of health in order to protect growth-related areas such as skills, innovation and exports in its spending review.
I didn't note them mentioning that these cuts to investment in skills, innovation and exports could all be funded by cancelling the corporation tax cuts manufacturing is enjoying which means billions of revenues will be lost to the Exchequer over the next few years.
They'd rather cut the healthcare of ordinary people instead.
I think that is adequate testimony to where their interests lie.
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A Tobin tax on securities trading should also be introduced to curb useless speculation….
Also completely stupid of them, as being against their best interests – for one of the things business needs is a healthy workforce, and the NHS has been shown (in numerous posts on this site, and elsewhere) to be one of the most, if not THE most, effective ways of achieving this. In the USA, people shop around for the job with the best health benefits, and NOT the job they are best suited for, so invalidating one of the supposed benefits of the “free” market – namely optimization of the allocation of assets and wealth.
Of course, it’s always possible that what business leaders REALLY object to is the allocation of precious resources on the care of “non-productive factors” (such as the old and the disabled) that COULD be used for feather-bedding their needs. Government policy towards the disabled would suggest this is what business has in mind = yet Further cuts in care for the old and disabled. If so, they’re even more conytemptinle.