The NHS Funding Crisis

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  • Опубликовано: 19 янв 2023
  • The NHS is in crisis and only significant spending will solve that. I estimate £30bn is required a year. This video is about how to fund that.
    ABOUT RICHARD MURPHY
    Richard Murphy is Professor of Accounting Practice, Sheffield University Management School, a chartered accountant and economic justice campaigner. He blogs at www.taxresearch.org.uk/Blog/ and tweets @RichardJMurphy
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Комментарии • 54

  • @christopherwalton1373

    Get rid of the PFI’S bleeding hundred of millions of pounds a year out of the NHS first

  • @aweescotsdog8358
    @aweescotsdog8358 Год назад +12

    We could always look down the back of Dido Harding’s settee for some spare readies.

  • @gordonwilson1631
    @gordonwilson1631 Год назад +5

    If we had a national banking service backed by the central bank with a 100% deposit guarantee funds would pour in.

  • @herrglotzenschnitzengruber1510
    @herrglotzenschnitzengruber1510 Год назад +13

    Stop using agency nurses, that would save 4.5 billion£

  • @darrenjosephgregory
    @darrenjosephgregory Год назад +16

    Give more money to HMRC investigating tax abuse? That will have (former Chancellor of the Exchequer) Nadim Zahawi shifting uncomfortably in his chair.

  • @LCD72
    @LCD72 Год назад +9

    Wouldn't it be nice if the Labour Party of the 2020s preferred to save the NHS rather than sell it!

  • @malcolm8564
    @malcolm8564 14 дней назад

    The NHS is wasting money looking after people who should be out of hospital and into rehab/care homes.

  • @fredfredrickson5436

    Renationalisation, renationalisation, renationalisation.

  • @KG-lr2qw
    @KG-lr2qw Год назад +4

    How would ISAs be able to fund the NHS? They would eventually be paid back with interest, and the NHS does not generate profit, so for people to get the cash out their ISAs, wouldn't that need government spending, or to function like a ponzi scheme using new savers' money to pay back earlier "investors" ? Why not just advocate fully funding this from gov spending in the first place?

  • @marcdebattista
    @marcdebattista Год назад +3

    Thanks Richard!

  • @MrPapahen1
    @MrPapahen1 Год назад +1

    Thanks so much Mr Murphy

  • @utube521
    @utube521 Год назад +1

    Danke.

  • @fordprefect8375

    Charging patients 10, 20 or 30pc to deter time-wasters - how would that be?

  • @mallamal5578

    We need an nhs tax/levy added to ni contributions or 1 or 2 percent on vat.

  • @kevinu.k.7042

    Great video - I have subscribed thank you.

  • @lonevoice
    @lonevoice Год назад +2

    Very good and sensible. There is also the option of a wealth tax. The Wealth Tax Commission estimated that a one off 1% charge on net assets over £500k could raise £260bn over a 5 year period.

  • @joeblogs6598
    @joeblogs6598 Год назад +4

    "I know! We could just steal more money!" NHS is the most expensive thing the government spends on, only surpassing servicing our debt, and pensions. Just because you can print infinite money, doesn't mean you have infinite value, Richard.

  • @mypointofview1111

    This isnt the first time ive heard an economist discuss the possibility of raiding pensions & savings to fund government spending. The problem comes when ordinary people get to pensionable age and claim their pension they've paid into for many years only to be told "sorry, your pension has been spent". The same with ISA's. Its a disincentive to save for either.

  • @PortilloMoment
    @PortilloMoment Год назад +2

    All interesting ideas. None of which will be examined while both main political parties are in hock to wealthy donors. Tories are worse of course - wealthy donors are their funding system, but Labour are skint right now and have the begging bowl out too.

  • @jif55
    @jif55 Год назад +3

    It seems so simple!