Credit crunch will hit the NHS29th October 2008
The NHS must prepare for tough times as the credit crunch takes its toll, a health expert warned.
In a paper in the British Medical Journal, John Appleby, chief economist of think-tank the King's Fund, warns at best the NHS can expect funding to keep pace with inflation from 2011.
He writes: "NHS spending is guaranteed up to April 2011, what happens after looks decidedly less rosy. The health service will almost certainly have to plan for lower growth in funding from 2011 onwards."
He predicts that with the reduced tax revenue and increasing government spendingm the best the NHS can hope for is no real growth in funding from 2011 to 2014.
And he warns that an economic downturn could have a serious impact on the nation's health.
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Title: Credit crunch will hit the NHS
Author: Anne Waller
Article Id: 8956
Date Added: 29th Oct 2008