Comments by "Greg Greg" (@SlowhandGreg) on "Prime Minister urges health unions to rethink industrial action" video.

  1. Government money once put into the economy goes round and round creating taxes and benefits and according to the LSE it will cost a total of 0.66 billion by the time the merry go round stops and that's not taking into account lost productivity due to sick days because its getting to be such a shyte service From the LSE The headline Exchequer cost associated with this 10% pay bill increase was estimated to be £3.40bn. However, offsetting this cost, the aggregate Exchequer benefit resulting from this 10% increase in total AfC pay was estimated to be £2.74bn (or 81% of the initial Exchequer cost), consisting of: £1.60bn in additional tax receipts from AfC staff and their employers – with PAYE taxation, employee National Insurance and employer National Insurance offsetting 22%, 11% and 14% of the initial Exchequer cost, respectively; £0.89bn in wider direct, indirect, and induced tax receipts generated by AfC staff’s increased consumption throughout the entire economy – offsetting a further 26% of the initial Exchequer cost; £0.13bn in cost savings from the improved recruitment and retention of NHS nurses and midwives (equating to 21,790 service years over the period of analysis) – offsetting a further 4% of the initial Exchequer cost; and £0.13bn in cost savings from lower student loan write-offs for nursing students – offsetting a further 4% of the initial Exchequer cost. The net cost to the Exchequer associated with this illustrative 10% increase in the total bill for AfC staff pay in England was therefore estimated to be £0.66bn
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