BusinessCompany NewsLies, damn lies and statistics …

Lies, damn lies and statistics ...

There is currently an ongoing debate as to whether the NHS, as a single entity controlled from Whitehall, is capable of spending the huge resources being pumped into it in an efficient manner.

According to Treasury forecasts, NHS spending by 2007 is set to reach £107bn per annum or some £4,500 per UK household on average.

The joke used to be that the NHS was the largest employer in Europe outside the USSR’s Red Army. With the demise of the USSR, it might now be said that the NHS is the largest employer in the world outside the Chinese Army.

More interestingly, perhaps, is to imagine that the NHS is an economy in its own right (NHS Land) with GDP set to reach £107bn by 2007, and try to assess where it would rank (by 2007) in terms of the size of the 174 different economies listed in the current edition of the book Economist Pocket World in Figures. Assuming that these 174 economies grow at around 6% in cash terms between now and 2007, then by 2007 NHSLand will be larger than all but 33 of these 174 economies. This would tend to support the argument for NHS decentralisation.

  • Maurice Fitzpatrick, head of economics at Numerica Business Service.

Related Articles

M&S business rate liabilities based on £570m rateable value

Company News M&S business rate liabilities based on £570m rateable value

4m Emma Smith, Managing Editor
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

8m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

1y Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

1y Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

1y Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

1y Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

1y Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

1y Emma Smith, Managing Editor