David Smith Chief Economist at the Sunday Times and Mathew Swindells ex- deputy CEO of NHS and a Senior Advisor at Global Counsel gave some punchy thoughts on Brexit, Health and Public Sector spending at the Lincoln International meeting in London last night.
– There has been no improvement in productivity for the past 10 years, this has never happened before.
– Brexit will result in the economy being 6-8% lower in 10 years versus the pre referendum trend.
– Government debt is £1.7 trillion = 80-90% GDP
– The NHS in England represents c. 40% of spending on public services
– The spending plans for the NHS from both parties are unaffordable