March 29, 2024

Ian King discusses Ryanair, house prices and more of the latest business news



Published May 22, 2023, 11:20 p.m. by Jerald Waisoki


Welcome to my latest business news article. This week I'll be discussing ryanair, house prices and more of the latest business news.

As always, if you have any questions or feedback, please don't hesitate to get in touch.

ryanair

This week ryanair announced that it would be cutting up to 3,000 jobs across Europe. The airline said the job losses were necessary due to the "significant impact" of the coronavirus pandemic.

The news has been met with criticism from unions and politicians, with some accusing the airline of using the pandemic as an excuse to axe jobs.

ryanair has said that it will do everything it can to avoid compulsory redundancies, but it's not yet clear how many jobs will be lost.

The airline has been one of the hardest hit by the pandemic, with passenger numbers down by over 90%.

House prices

There was some good news for the housing market this week as new data showed that house prices in the UK have risen for the first time in six months.

The average house price in the UK is now £228,000, which is up 0.4% from last month.

The rise in prices is being driven by strong demand from buyers, who are taking advantage of low interest rates and the stamp duty holiday.

The stamp duty holiday has been extended until the end of June, which is likely to continue to support the housing market in the coming months.

The latest business news

That's all for this week's business news. Be sure to check back next week for more of the latest news and updates.

You may also like to read about:



thank you

[Music]

the top stories live from the Sky News

City Studio

Ryanair predicts its busiest ever summer

as it returns to profit

record asking prices for properties as

confidence in the housing market grows

NatWest continues its return to private

ownership as the treasury reduces its

stake by one and a quarter billion

pounds

plus the Kia store material at Labor's

plans for the future of the NHS this

hour

[Music]

good morning this is in King live in our

business and economic news from the

Heart of the City Ryanair this morning

predicted a strong summer after

returning to full year profits Europe's

biggest Airline expects to run more than

3 000 flights daily this summer its

largest ever schedule the news came as

Ryanair reported a pre-tax profit of

1.44 billion euros for the year to the

end of March that compared with a loss

of 429.8 million euros during the

previous 12 months Ryanair carried 168.6

million passengers during the year that

was up 74 on the same period a year

earlier I've been speaking with

ryanair's Chief Financial Officer Neil

sorahan

ah look I think it's too early to say

whether anything is to the downside or

the upside

um we we've got a big fuel Bill coming

at us over the course of the next year

but based on the robust bookings into

the summer uh Ferris training ahead

where we're costly optimistic that we

will cover that additional Fuel and then

grow profits modestly year on year I

mean that's underpinned by a really

strong balance sheet and a car space

that's second to none

yes you mentioned that your few bills

going to be a billion euros High during

the course of the year you're 15 unhed

which is uh caught me bit by surprise I

mean your hedging is kind of the Envy of

the industry normally was up by accident

or by Design

uh hedging is something that we do to

smooth out costs over time you know we

don't speculate on on the oil Market

what we are doing now though which is a

bit different to the past is that that

85 is a combination of swaps which is

fixed about 75 and the balance which are

options which is affected the insurance

policy if we see a spike in the market

so we've got about 25 variability if the

market was to to dip uh but equally

we've covered out the worst case

scenario on the upside with the the

calls looking at the year just ended you

put on something like 300 new routes

during the year which were the ones that

surprised you most in how well they did

and which perhaps were more

disappointing

well to be honest none of them are

disappointed us um they're going

exceptionally well uh domestically is

particularly strong but outbound as you

would expect uh some destinations from

the UK Ireland uh Germany et cetera

continue to be very strong and very well

booked Central and Eastern Europe is

going exceptionally well for our Charter

Airline buzz and you know they've added

extra capacity uh this summer but pretty

much across all of the network we've

seen big opportunities and strong

demands you're putting on this summer

3000 flights daily How concerned are you

about possible industrial disputes by

air traffic controllers

well very uh we've had 57 days of French

ATC strikes already this year and you

know a million of our customers are

concerned enough to have signed our

petition which we will now uh deliver to

the the EU in advance of this and

building on the operation resilience

that we had last summer we've recruited

to higher numbers than we've ever had

before and so that in the events that we

do have delays on the day we've got lots

of standby traffic or sorry a lot to

stand by uh cabin crew and Pilots for

the next days there's no cancellations

for our passengers

controls enter again to make sure that

we can handle everything and you know

we'll continue to deliver the industry

leading on Time Performance but uh the

fact that uh flights over flying France

uh during days of strikes uh are are

impacted means that you know passengers

will unfortunately be impacted by a

French ATC

you mentioned their recruitment you've

taken on an extra 3 000 crabbing crew

during the year just ended what what are

your recruitment plans for the current

Financial year

yeah we're already recruiting for the

summer of 2024. we tend to look about 12

months uh ahead as you said three

thousand extra people this summer a

thousand of those were pilot Cadets uh

2000 cabin crew and you know we'll have

another thousand Pilots going through

the system this year as we grow by a

further 10 to 185 million passengers

equally would be adding on the

engineering side uh in the labs for the

back office support and and in the cabin

with the cabin crew so you know we we

take a 12-month outlook on that we're

already uh lining up new training

schools to uh you know build for the

next decade as we start to take in the

uh the max 10 aircraft and so you know

we do long-term planning in Reiner yeah

I mean this is the big news lately

you've just uh completed this

Blockbuster order with Boeing what about

uh current plans and orders that you

have in train how many new Jets will you

be expecting to receive this year from

Boeing

yeah we've got a an excessive 50

aircraft coming in uh in in this Current

financial year uh we're running a little

bit behind uh this this summer due to

the the Fastener issue that they had

with the fuselages they're catching up

on that and we think we'd be about 10

aircraft shorts uh during uh May June

and July but hopeful that that will then

get picked up into the Autumn and that

deliveries will be back on track uh

we've got 110 aircraft left in the order

book uh with Boeing on on the game

changer a200s and the last of those

should be in by December 2024 then we've

got a two-year gap before we take the

first off the max 10 aircraft in 2027.

what sort of Remedies are in place if if

Boeing's delivery slipper to all over

coming months

we're comfortable

um that they are catching up in fact we

took an aircraft in last Friday with

another one coming in today with a

further one due in this Friday so they

are catching up they are starting to uh

release aircraft from Seattle they're

getting better and faster at fixing the

Fastener issue

um but you know if there is a prolonged

delay uh if it does wrong run Beyond

kind of August uh then you know you're

going to see more of our growth moving

from the first half of the year into the

second half of the year but I would be

hopeful borrowing some other shock

um that you know we will be back on

track pretty autumn

and what about uh fairs over the coming

12 months talk to me about uh the sort

of pricing decisions that you're having

to make right now

well we we've grown huge market shares

all across Europe we've got a lot of

airports very keen to get Ryanair

capacity uh into the system as always we

remain load active yield passive which

means we'll price uh to fill the planes

but uh European Aviation capacity is

only running at about 90 to 95 percent

of pre-cover capacity so well we're at

125 of where we were pre-cover the

market hasn't caught up at the same time

uh there's huge demand for travel so the

supply demand uh narrative means that

that fares are up uh year on year and we

would anticipate that we will grow very

sufficiently to cover that extra billion

that we have on the fuel Bill and and

then grow our profits modestly year on

year fairs into the summer are tracking

ahead of where they were last year we

don't as is always the case at this time

of the year in have a huge visibility uh

into the second half of the year so it's

hard to know where fairs will go other

than we will continue to fill the planes

and price accordingly yeah

some breaking news now in the last 20

minutes it's emerged that meta the owner

of Facebook and Instagram has been fined

1.3 billion US Dollars by the European

Union's privacy Regulators for sending

user information to the United States

that's according to the online edition

of The Wall Street Journal joining me

now is our correspondent Matthew

Thompson Matthew a huge find this

it's a record fine it's the biggest fine

ever levied for a breach of the gdpr

regulations so it shows the seriousness

with which European Regulators are

taking this in terms of the dispute

itself it's long running in fact it's

been going on for the best part of a

decade effectively what meta has done in

breach of these gdpr regulations is it

regularly transfers EU users data back

to America were obviously lots of these

big tech companies are based and this uh

piece of regulatory dispute if you like

originated from a legal Challenge from

Austrian privacy campaigners who were

concerned that EU citizens data when it

was being shipped back if you like to

the US was potentially subject to the

much more stringent surveillance of

American intelligence agencies the FBI

the CIA and the like and that was in

breach potentially of EU data which as

we know is is considerably a little is

considerably stricter in terms of

protection of citizens data than the US

is at all so this has been a

long-running battle the fine is one

thing actually potentially more damaging

for Facebook is the fact that it's also

been asked by the EU Regulators to stop

within five months this transfer of data

from the EU to the US now the first

reason that's difficult is it's not

altogether clear that that's technically

possible the way Facebook's business is

set up so that's going to require some

major restructuring the second thing is

Facebook itself or meta rather we should

be calling it admitted in a call with

investors last month that if it was

asked to pause this data sharing it

could cost it something in the region of

10 of its annual advertising Revenue now

the fine is in the region of as you say

1.3 billion dollars one billion pounds

but 10 of its Global advertising revenue

is in the multiple billion so actually

in terms of the hit to the business this

could be significantly more costly to

meta what they've said in a statement

though is they've pointed to a agreement

which is in the offing between us and EU

authorities on data sharing now if that

agreement which is in advanced stages we

understand if that were to be concluded

well all of this would go away

effectively however there is a big

caveat to that which is that there are

potentially likely to be significant

challenges to this legislation possibly

in the European courts so it's by no

means a foregone conclusion that any

agreement struck between the EU and the

US would make matters problems go away

in this instance

okay thanks Matthew

asking prices for properties coming to

Market have hit an all-time high this

month that's according to Rightmove the

property portal it says the average

price of a property coming to the market

this month Rose by 1.8 percent to hit

372

894 pounds that's the biggest monthly

increase seen so far this year and it

Compares with the average increase of

one percent thus historically been seen

in May well joining me now for more and

this is Tim Bannister he's Right Moves

director of property science Tim welcome

to you I mean we often get a spring

bounce in activity but this is uh quite

unexpectedly strong

that's right it's a little bit higher

than we normally would expect at this

time of year 1.8 when on average they

they do go up at this time of year but

about one percent

um and I think it reflects you know that

building of confidence we've seen uh

over the course of the Year leading on

from uh what is seven months ago now

that the mini budget and the turmoil of

the last

um sort of three months of 2022. so

we've seen you know people at that point

they step back but we saw from the

beginning of this year they started to

come back uh looking for their next home

um and that's given some confidence I

think we've seen mortgage rates

stabilize um certainly at a lower rate

than they were

um back uh in October last year and

that's also contributed to this and

that's been reflecting a little bit of

confidence

um and prices

um as say up 1.8 they're actually at a

record um level at this point

this will surprise people given the

speed at which interest rates have risen

yeah I I think you know we've I was

thinking about this earlier we've had 17

months now of of interest rates going up

um so we're well into that cycle of

interest rates going up um with seven

months to say post post this sort of

term out of the midi budget so I I think

it sort of filtered through we started

to see you know we we have seen mortgage

rates in fact um come down despite the

fact that the bank of England rate has

been going up so compared to uh October

last year the mortgage rates are are now

4.56 for a 15

um uh deposit mortgage uh at that point

last year they were at sort of 5.89 that

sort of region

um so they've been coming down they've

obviously been stabilizing a bit which I

think is the key albeit at rates which

are higher than they were a year ago but

they've been stabilizing in the last um

months two months

um I think that's sort of given a little

bit of confidence that people can now

plan they understand what um to expect

obviously things can change there are

many twists and turns probably uh for

the rest of this year in inflation Still

Remains high but it's expected to come

down we'll wait and see whether that

that that comes to pass

um so there's there's still some twists

and turns but there's a little bit more

confidence and I think that's leading

through to demand

um and it's also leading through to

sellers bringing properties to the

market

um and I suppose critically even though

prices are sort of stabilizing at where

they are at the moment

um up 1.5 on where they were a year

below

um transactions are still taking place

so transactions so sold subject to

contracts where people are shaking hands

and agreeing on a sale they're down

three percent on where they were in 2019

so quite similar to the levels we've

seen in a more normal market like 2019

so transactions are taking place

um at these kind of prices

um so we're seeing a little bit of

stability a little bit of confidence

um if you'd be cautious should be

restraint

um at this point because I'll just say

this there are many things that could

happen as we as we progress through 2023

but I think it's really encouraging

Tim you've used that word confidence a

few times now I mean confidence seems to

be in the strongest Supply at the top

end of the market that's where asking

prices are growing most rapidly

that's right they're up um for the

bigger properties so uh four bedroom

detached and five bedrooms and above

that's the sector we look at top of the

ladder they're up 2.8 percent

um and you know against on average 1.8

so we think on that we would urge you a

little bit of caution there

um perhaps that's a little over

optimistic um you know if properties are

coming to the market the right price and

competitively price they are selling

um but you know in that particular

segment we've seen um you know I say

sales are um three percent below where

they were in 2019 in that segment

they're six percent below where they

were in 2019 so perhaps a little bit

overconfidence in that top of the market

um uh segment so and we'll see what

happens there whether that sort of is

tempered a little bit in the coming

months

all right Tim we've got to leave it

there good to talk to you this morning

thank you thank you

some other business news stories for you

now and the treasury said this morning

it sold another 1.26 billion pounds

worth of shares in NatWest group the

sale takes the taxpayers stake in the

lender which at its peak was around 84

down to 38.6 it's the sixth block sale

of the government's stake in the bank

previously named Royal Bank of Scotland

of course during the global financial

crisis 15 years ago well Andrew Griffith

the economic secretary to the treasury

said today's sale is another major

milestone in returning that Wester full

private ownership as promised the

government has now sold well over half

its shareholding shares of NatWest are

currently ahead by nearly nine percent

right now

almost half of medium-sized British

companies plan to delay investment plans

Following last month's increase in

corporation tax that's according to a

survey by the accounting firm BDO it

found that 46 of businesses with the

turnover between 10 to 300 million

pounds expect that the rising

corporation tax would delay investment

some 39 percent of firms questioned said

it would slow hiring or lead to job

losses well the news comes days after

Jeremy Hunt the chancellor told the

annual conference of the British

Chambers of Commerce that he wanted to

cut business taxes but warned it might

not be possible in this Autumn's budget

and the sustainable Technologies and

Industrial materials group Johnson

Matthey has signed a three-year

partnership agreement with the Norwegian

company High star to step up its

production of green or renewable

hydrogen under the agreement Johnson

Matthey will supply the company with

membrane electrode assembly is one of

the key components in the electrolyzers

used in green hydrogen production the

pair have been working together since

2021 although no figure was published

this morning concerning the agreement

foreign

[Music]

stocks in the Asia Pacific region

enjoyed a largely positive session

overnight with the nickname Tokyo

enjoying more games following

indications from the bank of Japan's

Governor that the country's Ultra boost

monetary policy will remain in place for

the time being Sydney there in the

bottom right hand corner of the screen

was the only major Market in the region

to finish lower well in Europe things

are a little bit more cautious uh this

morning ahead of developments on the U.S

debt ceiling negotiations as you can see

the Ibex in Madrid is the only

Continental European index in positive

territory right now that's not to say

there are not some gainers across the

continent and one standout feature today

is Borussia Dortmund chairs of the

German Football Club are hit by some 13

in Frankfurt that is us the club looks

set to win the German league title I'll

be the first time since 2013 that

someone other than Bayern Munich has won

the Bundesliga meanwhile the main stock

index in Greece is up by more than six

and a half percent that's after the

center-right government looks set to be

re-elected well here in London the ftse

one 100 is in positive territory

currently up a third of one percent

right now in a broad-based rally the

leading Blue Chip Gainer currently is

burberry the shares in the fashion

retailer fell by more than nine percent

on Thursday and Friday that has

evidently brought a few bargain hunters

out of the woodwork another uh Gainer

This Morning JD Sports you'll recall we

have the chief executive on the program

a week ago last week uh that is wanted

after some positive broker comment on

those results outside the footsie the

car parts maker dial lace is up another

three and a half percent that is after

portfolio managers continue to build a

position in the stock following its

recent demerger from Melrose top of the

screen there you can see Wiz air that

shares up nearly two percent right now

that seems to be in sympathy with

ryanair's very strong reports today and

the green hydrogen and ammonia

production company atom energy the

shares they're up eight percent off to

the US Energy firm Baker Hughes snapped

up a 6.6 stake on the downside as you

can see on the screen there dakara

Pharmaceuticals that's a Veterinary

farmers business used to be in the ftse

100 the shares off nine and a half

percent nearly following a profits

warning this morning on the phone

exchange markets

pretty quiet to be honest with you

Sterling more or less unchanged right

now against the dollar off a tenth of

one percent against the Greenback uh The

single currency meanwhile up at eighth

of one percent nearly against the dollar

all eyes on the U.S debt ceiling

negotiations there as for the oil price

well that sold off on Friday afternoon

and it's continued to drift a bit this

morning amid concerns over demand for

Chuck we'll look at that it's more or

less unchanged really quiet morning all

around Battle of Brent crude will

currently set you back 75 56 cents about

as I say that is more or less unchanged

joining me this morning is Eleanor

ingleby she's Deputy head of portfolio

management at atomos uh Ellie good to

see you this morning it is all about the

US debt ceiling right now isn't it the

focus is absolutely fully on that and it

sounds almost quite sensationalist to

say that the US might run out of money

however it is a very challenging time

and whilst the deadline is the first of

June they have to make a deal this week

in order to loosen that that noose

around their neck to a certain extent

yeah the fact that Biden didn't uh you

know he didn't call off his trip to the

G7 though kind of in spot I hope that

something is afoot I think so the market

seemed quite confident that they will

actually reach this deal I was reading

this morning that if they don't reach a

deal it could potentially drop the Dow

Jones by around 20 percent and certainly

we'd expect to see some indication of

that in the Futures over the weekend

yeah I mean I think the Market's uh

looking for a fairly positive start

right now actually in the U.S apart from

Metra of course that was an interesting

uh bit of news we got just then really

interesting I feel for matter they can't

seem to catch a break recently you know

the company on paper it looks very good

but they seem to be struggling to find

direction and certainly the regulation

seems to be catching up with them let's

talk about uh what's been going on in

the European market so I'm fairly

lackluster uh there today but I mean

European markets have had a reasonably

good made thus far haven't they they

have and they've been one of the

strongest Equity markets year to date

you know in double figures up around 11

in comparison to other areas which have

struggled more but I think if you look

at what's Driven that strength um year

to date it's really been the avoidance

of an energy crisis and and the

confidence that China's coming back out

of lockdown and will start spending on

luxury goods however the data on that is

a little bit shaky we're not quite

seeing the positives we might have

expected to see so be interesting to see

where European markets go from here on

yeah well I've just heard actually

talking about meta the companies just

said in the last couple of moments it's

going to appeal it's called this fine

from the European commission unjustified

and unnecessary well they've got the

legal teams to do it and certainly the

money to do it but I think that'll be a

fascinating battle to watch in court

yeah back right back to Europe though I

mean how much of this is done to

interest rate expectations do you think

the fact that the ECB kind of indicated

last time around it was going to pause

on its rate hiking we've also had some

really really good company results yeah

I think it's easy to do with that and I

think there's certainly indications that

both the third and the ECB are going to

pause and they seem to have reached that

peak of inflation which is the market is

extremely positive now further afield we

got this news overnight that Micron

which is a big U.S chip company has been

banned by China effect actively this is

huge news but also it's interesting

Micron only have around they generate

around 11 of their revenue from China

but what we're seeing though is the

ramping up of the trade War this is not

the first time this has happened and the

US has certainly banned companies before

from China and found other ways in which

they can hamper that technology

production really all right Ellie got to

leave it there good to see you this

morning thank you just to recap on that

news uh we brought you earlier in the

program meta find 1.3 billion US Dollars

by the European Commission in the last

few moments meta has said that this find

is unjustified and unnecessary and it

will be appealing we'll have more on

that throughout the morning here on Sky

News but still to come here on Ian King

live why the closure of riding schools

is threatening the UK's equine industry

don't go away

[Music]

thank you

that has happened

in minutes and now it's coming from both

sides

moving this way

[Music]

only about half a mile from the Turkish

coast and it's evident that there's the

boat seriously overcrowded this is one

of the most severe viruses in the world

I'm Alex Crawford and I'm Sky's special

correspondent based in Istanbul

got us then a lot of action going on

a lot of

you still

[Music]

we aim to be the best and the most

trusted place in news

clearly not had very much to eat at all

a lot of them extremely thin and very

frail look at her arms I can put my

entire hand round

this is the cocktail of drugs which the

doctors at this Hospital have been

giving their coronavirus patients

made for people who want Clarity in an

uncertain world

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Mother Nature is can be vicious

absolutely Savage

[Music]

I can't imagine

how much plastic is lying at the bottom

of this huge Lake

[Music]

close and personality

this is what makes the job

welcome back now more than 250 riding

schools have closed during the last five

years and the UK's equine industry is

under threat as a result that's the

warning from the British horse Society

the UK's largest equine charity which

promotes animal welfare and which seeks

to protect access to Bridal ways for

horses and their Riders it's now

launching a campaign keep Britain riding

to provide financial and practical help

for riding schools well joining me now

is James hick he's chief executive of

the British horse Society James welcome

to you what is behind this loss in

riding schools

well good morning there is many things

that are happening across the UK at the

moment and one of the key things of

course is that riding schools can't find

the staff to make sure that they can be

viable and safe places for people to

come to

more than 75 percent of writing schools

are struggling with finding staff and

the implication of that is of course

that may create writing schools to close

but as the British horse Society one of

the things that we've done is created a

career transition fund which is a

bursary we've had about 1700 people that

have come on to that there are also many

other things such as the uh costs of

insurance for example running a center

as another major cost that has to be

born

and one of the other issues that

fortunately we've been able to reverse

is around the rateable values of riding

schools but it's critical that we can

keep riding schools open not just for

the economic reasons and non-racing uh

questionism has a value of about 4.7

billion pounds to the UK economy

but it's also about health and

well-being and being able to give people

that ability to enjoy horses as we have

done for thousands of years

absolutely I should say that's Theo that

you've got with you uh right now um I

mean writing skills really are the

backbone of the rural economy in many

ways aren't they

oh absolutely you know there are

something like 1 600 or so riding

schools up down the UK

most of those are quite small businesses

but of course they have a supply chain

around them and the key thing is making

sure that they maintain a viability now

most riding schools will tell you that

they've got a wasting list of at least

50 clients so there is great demand but

the issue is having availability of the

actual places to go and there are many

riding schools up and down the country

and I'm here today at one that is a

charity and this organization here the

Cavalier Center is actually delivering

well-being benefits to disadvantaged

children for example through our

changing lives through horses program

and if these writing schools weren't to

be here many children and young people

who aren't able to access education in

the normal way may be excluded from any

type of education and the power of

horses allows them to be both educated

and also develop life skills so it's

critical that we keep Britain riding

James just to go back to the point that

you were making earlier on Staffing why

are centers suffering these staff

shortages I mean most people I know

who've been involved in ridings Hills I

mean they're extremely motivated they're

not just doing it for the money they're

doing it for the love of the horses as

well

you're absolutely right Ian there are a

whole number of reasons but what we see

is the same issues across riding schools

as we see across the broader economy

you've got pressures in terms of an

aging population

the time it takes to actually be able to

become qualified specifically to be able

to coach uh people that need to be over

high standards that takes time it takes

a lot of effort and as we see many

people perhaps don't want to have that

job it's beautiful on a day like today

but when it's winter time it's quite a

tough job but the rewards are huge

working with horses being outside

bringing great pleasure to people both

in their pleasure time but as I say more

importantly what we can see is that

health and well-being benefits of riding

is absolutely critical

absolutely it is James best of luck to

you with the campaign and uh thank you

to uh to you for keeping Theo uh under

control he's been very well behaved

hasn't he

cool lovely stuff see you again James

thank you see you

the breaking news that we can bring you

now courtesy of our city editor mark

kleiman and it concerns John Allen the

chairman of Tesco who has been reported

on Friday afternoon is stepping down

Mark what have you got

yeah that's right Ian we've got of

course that confirmation on Friday that

Mr Allen would step down as chairman of

Tesco next month following allegations

of inappropriate behavior which uh which

he strenuously uh denies what I can

reveal this morning Ian is that Mr Allen

is also now in talks to sell his 20

shareholding in a mentoring business

called uh jna mentoring Partners which

he set up with his co-founder Anna

Joseph about five years ago now he's

going to sell his 20 stake in the firm

to miss Joseph uh the price is

undisclosed and those talks are now

underway as I understand it uh the

shareholder agreement between the two of

them when the business was founded in

2018 always envisaged uh that this

transaction would take place at some

point but it's only now emerged that Mr

Allen is going to sell his stake in this

business now jna provides mentoring

services to up and coming corporate

Executives it includes a roster of very

well-known corporate figures as mentors

people like Cressida Hogg the chair of

BAE Systems and Adam Crozier the

chairman of BT group now of course Mr

Allen has already stepped down as

chairman of the house Builder Barrett

developments we know he's stepping down

next month as chairman of Tesco and he

is now in talks to sell his stake in jna

mentoring Partners now Mr Allen's

spokesman confirmed that he will remain

a mentor one of the people involved with

the business but that he is indeed in

talks to sell his stake to his

co-founder Anna Joseph

Mark I mean we should we shouldn't

really lose sight of the fact here that

uh whatever is uh being said about John

Allen now I mean he has had an

enormously distinguished career in uh

British business he's he's probably one

of the more influential figures on the

British business scene over the last

couple of decades you could say uh no no

doubt about that at all Ian uh Mr Allen

is hugely well respected uh in

boardrooms he's served on uh boards like

uh Royal Mail uh and uh Carphone Dixon's

car phone uh over the last couple of

decades he's become an influential

figure in terms of uh uh you know

Britain's

um uh British businesses approach to

politics and of course was a president

of the CBI which itself now is uh in the

spotlight in terms of its future

survival

um and uh Mr Allen uh is 74 now is

likely to bow out with these allegations

um hanging over him but as you say in an

incredible the distinguished figure over

the last 20 years in British corporate

life

all right Mark thanks for that

uh we're just going to break into the uh

business news momentarily now because uh

secure storm of the labor party leader

is about to give a speech on the NHS

let's listen him

thank you

thank you where's thank you all for

being here it is fantastic to be in

Braintree

um I've got very fond memories of this

part of the world because 16 happy years

ago I got married just down the road in

the fence so that's why it's got this

special place in my heart and almost as

good as that this is where two weeks ago

at the local elections the labor party

was back on the march in Essex

but today I'm here to speak about

something that's fundamental to the

labor party fundamental to our purpose

of working people

the NHS

just look at it

the eight o'clock scramble

the appointments missed opportunities

missed to spot the pain that turned out

to be a tumor patients who want to go

home are well enough to go home but who

have to stay in hospital for months

waiting for a care package

day long waits in a e

record numbers off work sick

people pulling their own teeth out

seven million on waiting waiting waiting

lists

and ambulances for heart attacks and

stroke victims that don't come on time

just think about that for a second

ambulances that don't come

can any of you imagine losing someone in

that way

I can't I can't and and I mean that in

every sense

I can't imagine it it shouldn't be

possible in our country but it is

a cruel Lottery of who lives and who

dies that the NHS was founded to stop

and until now until this point for 75

years it has

it's one of the greatest privileges of

being born in Britain certainly for all

of my life

the knowledge that if you get ill if you

have a serious accident

you'll get the care that you need

whatever your circumstances

not every country has a system like that

and the insecurity the fear without it

is huge

Knight Bevin the labor Health secretary

who created the NHS put it best

he said

illness is neither an Indulgence for

which people have to pay

nor an offense for which they should be

penalized

that's what we believe

and it's under threat I mean it

I don't think the NHS survives five more

years of Tory government

and people say oh well we've heard this

before the labor party is always saying

it's time to save the NHS

but I say

look squarely in the eyes of the people

who work in the NHS who serve the NHS

and ask them

speak to the working people who use the

NHS who depend on the NHS who need the

NHS

what do they say

and go to the people who believe in the

NHS love the NHS but have been forced to

buy the care they need from the private

sector listen to them

no at the next election the NHS is on

the line the conservative party that's

brought it to its knees will put it in

the ground

but mark my words

if all we do in the labor party is to

place the NHS on a pedestal and leave it

there

that's not good enough either

we've got to fix the fundamentals

renew its purpose make it fit for the

future

that's what this mission is about a new

direction for the NHS to say to the

British people vote labor problem solved

would be an insult to everyone's

intelligence

patients can see how deep the problems

go

my Approach is different

it starts with the cause

the central project

how do we serve working people

and then it asks what do we value what

do we conserve cherish and protect

the answer

a public and Universal Health System

free at the point of use paid for by

General taxation the NHS

thank you

but then it asks what do we need to

change

what are the challenges the

opportunities how can we save lives

improve lives provide more dignity

Innovation where can it be found people

how do we unlock their purpose

technology how do we make it work for us

and when you've asked those searching

questions you turn back you roll up your

sleeves or you face reality

and the reality is this

the NHS is not sustainable unless we

make serious deep long-term changes

that's my politics reform for Renewal

National missions for the common good

and NHS fit for the future

now some people will tell you it's

purely a question of money

and money is a part of it I don't deny

that like any opposition we will set out

our plans before the election unlike any

incoming government we will make

decisions based on a full appreciation

of the reality

state of our NHS and our public finances

but what's more important now I really

believe this is to show our recipe for

reform

to put forward a vision of a renewed NHS

that can make the most of the money we

invest in it

I've run a public service I know that

money makes a difference

but it only gets you so far

you can't look at the problems now and

tell me it's just about money

that's not serious

you can't ignore the fact the world has

changed that's denying the evidence

before our eyes

the British people are living longer

life expectancy in 1948 was 68. today

it's over 81. that is a good thing

but it brings new challenges

the nature of disease is different

instead of urgent and acute hospital

care

now it's more about managing chronic

long-term conditions

The Wonder of science has taught us with

ever increasing Clarity that our health

depends on how we live

mental health has stepped out of the

shadows and thank goodness

and with artificial intelligence with

personalized medicine with new vaccines

we stand on the cusp of a revolution

that could transform health care for the

better

my message today is this

Science and Technology are the game

changers this is the prize this is what

it gives us an NHS where prevention

comes first where care is closer to home

where patients have more control

so

to everyone working in the NHS today

serving on the front line

I say

thank you

thank you

without you there would be no light at

the end of the tunnel

but I also say

the walk towards that light will be hard

will feel challenging difficult

but do not doubt it's essential and that

the reward for reform will be worth it

and look don't doubt this either the

Taurus will never deliver this they

voted against the NHS right at the start

and more than once

and while they come to accept it as part

of the political furniture

in their heart of hearts they don't

believe in its Central promise for them

it's a cost not a Cause

and from that mindset Springs The Well

of their neglect the poverty of their

ambition the sticking plaster crisis

management impulse that never sees the

opportunities never addresses the long

term

it's not that they don't care

it's that they're priorities their

ideology it takes them somewhere else

200 billion pounds a year

that doesn't square with their small

state vision of Britain and that's why

we have familiar problems every year for

the last 13 years we've had a winter

crisis and every year in about February

or March

we do just enough to keep the NHS going

we breathe a bit in the summer and then

we go into the next NHS crisis the next

winter the only difference being it's

worse than the one that went before

they know what's even worse than that

the tourists underestimate the NHS

underestimate the bond between people

and service

underestimate what you can do with a

mission

that yes people go to work in EHS for a

wage of course they do

but of also because they believe in

something

this is how we go beyond the sticking

plaster mindset how we solve the crisis

and tackle the long-term challenges

I want an NHS back on its feet of course

I do

but I also want an NHS that's fit for

the future

and that requires a partnership

between people and service

that builds on what is distinctive about

the NHS as a health system

now

protect the NHS was the pandemic slogan

and we did

and in turn

it predict it protected us

so have no doubt this mission is a cause

but it's a cause that can only succeed

if we embrace the need for reform

so Labor's National mission on health

to build an NHS fit for the future

and as with all our missions we set that

Direction with clear measurable goals

goal one the next Labor government will

deliver an NHS that is there when you

need it

ambulances seven minutes for Cardiac

Arrest A E back to the four hour Target

GPS the highest satisfaction levels on

record waiting lists Down plan treatment

within 18 weeks no backsliding no

excuses we will meet these standards

again we will get the NHS back on its

feet

go to

we will improve healthy life expectancy

for all and we'll halve the inequality

gap between different regions of England

and let me explain what that means

it means we will restart a trend Britain

has come to take for granted

that to be blunt we should take for

granted

a sign of progress that generation after

generation the people of this country

are living healthier lives happier lives

and longer lives

the tourists have reversed that

that's their legacy

and look by focusing on health

inequalities we can make Britain fairer

as well

did you know

black women are four times more likely

to die whilst having a baby than white

women

in my constituency a girl born in

Highgate Hill will live 10 years longer

than a girl born in summers town

that is three miles away

my labor party won't stand by and let

that happen we've got to root these

inequalities out

and to achieve this we must Zone in on

our biggest Killers three killers which

we know are demanding questions of our

health care System

one cardiovascular diseases heart

attacks and strokes we'll get them down

by a quarter within a decade

two

cancer

we will make sure 75 percent of all

cancer is diagnosed at stage one or two

let me tell you what that means the

difference it will make

the survival rate for cancer at stage

one and two is 81 percent

but at stage three and four it's just 26

percent

what a difference that would make

and finally

killer three

suicide

last year I went to an event organized

by the band New Order

and they asked me

for obvious reasons given their history

did I know anyone

that's died in that way

I have to admit it took me a back I've

never been asked that certainly not in

public before

but you know

I didn't have to think that long

I do

more than one in fact

three friends

and if I asked everyone in this room

the same question

I guess you wouldn't have to think about

it for long either

suicide is the biggest killer of young

lives in this country

the biggest killer

that statistic should haunt us

and the rate is going up

our mission must be and will be to get

it down

so there's no time to do that this

Mission starts with people

that's at the height of the classes

right now that's why we've committed to

the biggest expansion of NHS training in

its history

all nurses doctors midwives and health

visitors all fully funded by removing

the non-dom tax status

it's why we'll leave no stone unturned

when it comes to finding new ways to cut

waiting lists labor has done it before

and will do it again

imagine that you're waiting for a knee

operation

and the waiting list isn't going down at

your local hospital

but in the trust next door they have a

specialist Orthopedic Center and things

are moving much more quickly

I say you should be able to go there

instead

I say there shouldn't be a separate

waiting list at this Hospital a separate

waiting list at that hospital hospitals

should work together

so I can announce today to cut waiting

lists more quickly patients should be

able to visit nearby hospitals when

faster treatment is available and labor

will give them that choice

and that's only the beginning

as I keep saying we've got to go beyond

the sticking plaster approach I talked

earlier about the light at the end of

the tunnel

the reward for reform

we've got to hold on to that and there

are grounds to be optimistic

but it will require three shifts shifts

which must place at the heart of

everything we do on health

shift one

we must move care away from hospitals

and closer to the community

the NHS must become a Neighborhood

Health Service

I'll put it bluntly at the moment we

aren't good enough at treating people

early in the community

we leave it to hospitals and quite often

that's too late

and if we change this it will save lives

and money

that's why we're going to improve GP

access in the 8am scramble

we'll trade more GPS but we'll also make

the future of general practice more

sustainable

as the contractor model declines in some

communities we won't let patients go

without the care that they need

so we'll bring fragmented Services

together and make sure salary GP serve

all communities

and will modernize the appointment

system

for those who want real continuity of

care will bring back the family doctor

that's what people with long-term

conditions need

but for those who just want a quick

appointment at their convenience who

want a digital consultation will give

those patients a different route

seriously it can't be Beyond us to offer

different options for different people

we've just got to roll up our sleeves

and get it done

and one more thing we've got to fix the

back door problem

we can't have hospitals blocked up by

patients who are desperate to go home

and ready to be discharged

so we'll make good on the integration of

Health and Social care

backing successful models like the

center at Bromley by Beau

where in one place they bring together

doctors nurses physiotherapists social

carers

to provide joined up care in the

community keeping people out of Hospital

and look we will recruit and retain more

carers with a fair pay agreement

this is fundamental

it's about who and what we respect

it's about better standards at work

about dignity more progression more

training more rights and yes about pay a

fair deal for our carers that's what

people clapped for

foreign

we must move from a mindset that views

Health as all about sickness to one

where we put prevention first right

across Society

so we'll take bold action where early

intervention can make a huge difference

on Mental Health

and make no mistake we intend to

revolutionize mental health treatment in

this country

8 500 new mental health professionals

specialist access in every school

guaranteed treatment inside four weeks

for anyone who needs it

and look the mission we're launching

today isn't just an NHS mission

it's a Health Mission

when we talk about a new deal for

working people on employment rights

about good work for all that's a health

policy

when we say We'll provide breakfast

clubs with healthy food for all primary

school children that's a health policy

when we commit to restoring a decent

home standard to regulating the water

industry to a new Clean Air Act they're

all Health policies

and when I say we will take on the

social media companies who push

dangerous misogyny on our children

I am saying very clearly to those who

profit from harming our children no

not in Britain

and today we go further on that

we will change advertising rules and we

will make sure that products which are

harmful to our children's health vaping

junk food sugary snacks cannot be

advertised to our children no

not in Britain

shift three technology a revolution that

will accelerate the first two shifts and

Herald a different kind of Health Care

a move from an analog to a digital NHS a

tomorrow service not just a today

service

and mark my words this can be

transformational

the route to the NHS offering shorter

waiting times better treatment early

diagnosis and meaningful prevention

Britain leaves the world in science and

technology we can make this happen this

is the game changer the light at the end

of the tunnel

this is what will make the NHS fit for

the future

I'll give an example

33 million people downloaded the NHS app

during the pandemic and it's a good app

but that extraordinary opportunity

it's been wasted

labor would take the app and Innovations

like it

we would deepen them expand them and put

them in the hands of patients

and use them to transform our

relationship with the NHS

get this right and it means moving to a

fully digital patient records never

again handwritten notes getting lost

it means booked appointments appropriate

self-referral routes remind us to get

checkups and screening the latest

guidance on treatment

patients in control of their own data

choosing how it's used and how it's

shared

this will get rid of a divide between

those confident to speak up for

themselves

and those who can't

and look if we make sure everyone is

supported

then we can take people on this journey

and it will mean people can get better

choices we'll get faster care can manage

their own health

in truth it's about politicians catching

up with the public and the NHS catching

up with the revolution that's already

happened in the rest of our lives

and it doesn't stop there

technology provides more choice and

Powerful patients but it also saves

lives

take artificial intelligence

AI will change the nature of healthcare

and Britain is good at AI

I'll give an example

lung cancer is the number one cause of

cancer-related deaths in the UK

274 000 patients waiting for 11 days or

more to hear back from the scan

which could tell them if they have

cancer

AI can reduce workload and raise

productivity but here's the real thing

when used properly by a radiologist

it can reduce missed lung cancer

diagnosis by 60 percent

and because it's quicker

because it's more accurate the lives it

could save through early diagnosis are

countless

but to make this happen innovators need

one route into the NHS not many

incentives to innovate throughout the

system

fewer barriers to adoption fewer hurdles

to clear less bureaucracy more clinical

trials and a government that uses its

full power to back our world-leading

life sciences

and look when you add this all together

the sum total of these three shifts

what you get is a plan a plan for a

future NHS that protects what is

precious and Embraces what is possible

from everyone waiting stuck on the call

at 8am

to a primary care system that offers

different choices for different needs

from long Waits at a e to hospitals that

carry a lighter load because more care

is in the community

an NHS where technology gives patients

more responsibility and professionals

more time

where we diagnose disease earlier

screen people in supermarkets libraries

Leisure centers communities

where we can save lives because Health

Care is closer to lives

and above all where the whole of society

contributes to the mission of healthier

happier longer lives

that's an ambition we can rally around a

goal that can lift the anxiety the pain

the fear faced by millions of families

across the country and replace it with

the hope of a renewed NHS

in place of fear that's what 199 Bevan

called his book

and if people want to call me dewey-eyed

want to say I'm a romantic about the

values of the NHS

I plead guilty

the NHS has played an enormous role in

my life

my mum was a nurse

proud nurse too

but she was also severely ill for most

of her life with a rare condition called

Stills disease

at the age of 11

she was told two things

one she would be in a wheelchair by her

twenties

two that she should forget about having

kids

now that diagnosis didn't reckon with my

mum's determination and courage

but it also didn't reckon with the NHS

a doctor at guys Hospital in London

refused to give up

he found an experimental treatment for

this 11 year old girl

and the rest

as they say it's history

honestly lots of people say they owe the

NHS everything and I'm definitely one of

them

but that's just the point

mum's story isn't special

behind every single door in this country

there is a family who will have their

own version

this is who we are the NHS belongs to

everyone

the foundation for the comfort security

health of working people

for 75 years and ever present in our

story family and Nation

my message today is simple

with labor the story continues we have a

plan

I want the patience of the future to

remember this moment remember the

changes we'll make together

that's our mission

we will fight for the NHS we will fix

the NHS we will reform the NHS old

values New Opportunities technology and

science convenience and control renewal

not decline an NHS not just off its

knees but running confidently towards

the future thank you very much

thank you

thank you

thank you very much

thank you

thank you

thank you very much

we're going to take some questions

starting with the media my list tells me

that Helen Kat from the BBC is first

Helen

wide-ranging reforms but you have said

that money does play A Part would you

expect under labor that overall more

money would be going into the NHS well

look money is important but it's not all

about money and what I'm sending out

today is that change and reform plays a

hugely important part and what I said

about technology is an important part of

that technology can be the revolution

technology can do what money can't do so

I accept that money is part of the

solution but change in reform is hugely

important the game changer is technology

is about what we can do in the future

that we can't do now and that is why

this mission is not just about getting

the anxious

up myself its knees my wife says on its

face and getting it standing up again

but actually creating an HS that's fit

for the future and that means harnessing

that technology and that change thank

you very much Helen let me find my list

I've got Liz Liz

hi Liz

hello Liz from Sky News uh just to

follow up on that it does seem like

you're trying to sort of Kick this issue

of money into the long grass a little

bit how do you expect the public to

trust you with the public finances if

you're not prepared to say quite

straightforwardly these are our plans

this is how much they will cost and this

is how we will pay for them if you don't

mind just very quickly on strikes and

striking workers some of them will be

watching this speech thinking oh you're

going to bring loads of new staff into

the NHS but you won't say how much

you're going to pay them

and you won't stand with them on the

picket lines these are the people that

you want to deliver your plans do you

have anything new to say to them today

well Liz look first of all let's just um

call the spade a spade where we've made

a proposal about the change we're going

to bring we've said how it's going to be

funded so this challenge you put to me

that we've not said where the money is

coming from is just wrong actually are

we going to have the biggest increase in

training for the NHS that it's ever had

in its history yes are we going to pay

for that by abolishing the non-dom tax

status yes are we going to have 8 500

more mental health advisors in our

communities yes are we going to pay for

it by closing the tax loophole for

private Equity yes so what we've been

careful to do is to say where we're

making changes what the change will be

and how we will pay for it but we have

to I think see that the change that can

be brought around through technology and

digital working data AI is going to be

trying transformational of course I know

that we've got to put more money in and

we've got to grow the economy but you

know what we're putting on the table is

the change that the NHS needs for the

future and as for the staff look I know

NHS staff pretty well my wife is one of

them

um so I get a diet a daily readout of

what is uppermost in their minds they

want to know they're fully supportive

they want to know they're they're

respected they want to know there's a

plan for the future because the one

thing that I've been struck by recently

is the number of people who are not just

worrying about appointments about

waiting lists about a e

under this government 13 years of

failure but now worried about whether

the NHS will continue to exist we've not

been in that place before and the staff

share that and when we say to them we're

going to have the biggest training

regime the NHS has ever had that the

Cavalry is coming that is very very

welcome to the staff who desperately

desperately need it thank you list at

shehab from ITV

news you talk about all these reforms

you talk about new technology that you

want to see introduced into the NHS but

all of that will cost money is there an

estimate of how much exactly this is

going to cost and how quickly can you

implement it and a second question if I

may you've spoken about NHS staff we

know that morale is particularly low at

the moment there are many who feel

they're overworked and underpaid how do

you bring them along with you on this

process of Reform and change if you're

not going to pay them more

um look on cost we have set out the

costing for our specific proposals in

terms what it will cost where we will

get the money from

technology research development they

will be the game changers of the future

and reduce costs if we go to a

preventative model it will make a huge

difference take cancer diagnosis it's

not just obviously better for patients

to be diagnosed earlier because you

heard the statistics about survival

rates it's also a reduction of cost

across the NHS merging waiting lists so

that you don't have to just wait for one

Hospital you go to different hospitals

will reduce the cost so you know I do

understand the challenge that you are

all putting to me but I have run a

public service I do know the stresses

and strained

public service but I also know having

run a public service for five years that

it's not all about cost that change and

reform is critically important and you

know if we just put more money in the

top of our Public Services we will get a

better outcome but we won't get a

materially better outcome unless we

change and reform that was my my lesson

from running a public service for five

years thank you shehab

um Chloe from the eye

you've announced plans for what you

describe as an ambitious reform of

healthcare but there's been little to no

detail about what you would do about

social care is that no longer a priority

and if it is when are we going to hear

about these plans yeah uh look it is a

priority because I think everybody

understands that

um the back door to the NHS Hospital

crisis is getting people out of care

into the community and that social care

is a big part of that answer what we

have set out on social care in clear

terms

is a plan for the staff for those who

work in the care sector and declare an

interest my sister is a care worker so I

know the sector pretty well there are

over a hundred thousand vacancies and we

have to fix that problem and I think the

only way we can fix that problem is by

having a framework for staff within

social care so that they have Fair pay

agreements so they have dignity and

respect so they can progress through on

a clear careers path which isn't there

at the moment I think it's one in three

people leaving social care are going

into the NHS and they're doing that

because there there's a better chance of

progression than there is in Social care

we've got to fix that I think we can

look at the roles that social care

workers can do the sorts of tasks that

they can do all of that is a big part of

what we need to do on social care and we

also I think need to have as a clear

principle a sort of home first principle

so that it starts with what can be

supported at home rather than simply

assuming that that can't be provided and

we've got to go elsewhere thank you

Chloe Sam from the Sun

thanks

um would you do anything to reform the

way that you decide how NHS staff are

paid the Royal College of Nursing is

still not happy with their pay offer so

what would you do about that going

forward and would you give a pay rise to

Consultants earning six figure salaries

um look on the structure of negotiations

um we haven't focused on that to be

frank because what I've set out today is

what we need to do to make sure the NHS

is fit for the future so we know that

you know a fair pay agreement Fair pay

isn't an essential part of that and I

would you know I think it was Saturday

just gone

this government has lasted as long as

the last Labor government and that gives

us a really good opportunity to compare

and contrast because under the last

Labor government nurses were paid fairly

there wasn't a national strike waiting

lists were down and satisfaction was at

a a record high compare that with what

we've got now where nobody really

quarrels with the proposition that after

13 years of failure the NHS is on its

knees the only debate we're having is it

is it on its knees or is it on its face

that is a shocking shocking Legacy thank

you Sam Aubry from the guardian

one of the main targets that you've set

out this morning is to reduce deaths

from heart disease by quarter in 10

years this morning on the radio you were

asked directly and said you wouldn't

support levying a salt or sugar tax

during the cost of living crisis but

when food prices return to normal levels

do you rule out full stop

or the the focus that we put today is

very clearly on Advertising this is

something the government toyed with and

then moved away from I think that showed

a fundamental weakness in their approach

an unseriousness about tackling the

issues that really matter what I don't

want to do in a cost of living crisis is

to add to the burden of food cost for

families that are struggling so that's

why I've been very clear about where the

focus is

um today why we're focusing on

advertising and this can be done very

simply and very easily we'll make a

material difference to predominantly the

children and young people involved into

their health but also have a significant

effect on the NHS itself

um Nick I think the Health Service

Journal

Nick hi I'm Nick catuna from the Health

Service Channel

um you've set up the plans for improving

performance in the NHS but under Blair

one of the key centers of that was

strong NHS management

um in terms of where do you go forward

from here do you think that we need more

managers just as men just as much as we

need doctors and nurses to get the NHS

back to where it is and a very quick

second question the capital program set

up by the government it do you plan to

carry that on to the new hospitals

program under labor

thank you thank you very much on the

question of

um the staff the workforce of the NHS my

message is clear first thank you

you are the light at the end of the

tunnel and we wouldn't have it without

you

um secondly there's got to be changed

and everybody will have to step up so I

don't think it's a question of

distinguishing I actually think that

um most of the reforms that we want to

carry out will be front line it'll be at

that prevention stage the diagnosis

stage and so it'll be very front line

LED but you know everybody across the

NHS in order to sustain the NHS we'll

have to be part of that change and

reform on new hospitals look I mean it's

hard to say we'll continue a plan which

isn't really a plan because these 40

hospitals are pretty mythical

um but look I don't dispute that

um you know infrastructure and

structures are hugely important in all

of this everybody everywhere will have a

story of hospitals that

um you know have all sorts of

difficulties because they've not been

properly maintained and of course we

will have we will inherit that and we

will have to deal with that I do think

our argument that the burden on

hospitals should be lightened with more

care in the community is hugely

important to this because you know at

the moment there's earlier stepping

stone between the local GP and going to

a hospital and we have to close that Gap

so yes it's a problem we will inherit no

I don't think the government's got a

real plan it was another thing that was

said but will not be done we will

inherit that of course but our plan goes

beyond that question into the way care

will be provided under a future model to

make the NHS not something that we just

reflect on with pride but actually is

there for the next 75 years in the way

it's been there for the last 75. thank

you Nick I've got Sophie from the mirror

in the mirror so you mentioned in your

speech about black women being four

times more likely to die during

childbirth we obviously see these Health

inequalities across the board with staff

too with minority ethnic doctors being

less likely to get specialist NHS

training would you say that the Health

Service is institutionally racist you

also say that you'll root out these

inequalities but can you say actually

how you'll do that uh yeah look I'm not

I'm not here to denigrate the Health

Service and actually

um my point was really to highlight the

inequalities and I I think that

statistic about black women dying

um you know when having a baby is is

very arresting and I think nobody can

listen to that and not have instilled in

them a real sense that things have got

to change so wherever it is it's got to

change but inequality is a big part of

the Health Challenge and I don't think

it's possible to solve the Health

Challenge if we don't tackle at the same

time the inequality challenge so thank

you very much Sophie Nick from the

telegraph nick uh thank you to um to

come back to the money if I may you've

said the NHS is underfunded and that you

are going to put more money in health

spending is a proportion of government

spending has risen very rapidly over the

last couple of decades it's now at about

22 percent and that has obviously come

by spending Less proportionally in other

areas

you think that number's too low and how

high would you be prepared to see that

go 25 30

and on the same theme you know you've

made sort of great play of balancing the

books so when you do come up with

proposals in the future for how you're

going to pay with all this would you be

straight that it's going to be either

tax Rises or spending cuts in other

areas uh Nick firstly on the money

that's already going into the NHS

it needs to be used as effectively and

efficiently as we can and among my

frustrations with the annual NHS winter

crisis

is that the sticking plaster the bit

that comes in January February comes

with a huge price usually too late to

make it as effective as it could be and

therefore

simply the using the money that's going

in more effectively will make a huge

difference there are plenty of other

examples when it comes to early

diagnosis screening preventative

measures

Etc on your challenge as will we set out

in terms what we will spend and where

we'll get the money from then yes as you

will have seen there's a pattern here

under labor which is where we say we're

going to do something we set out what

it's going to do and then we say where

the money will come from we will

continue in that vein but I can't

emphasize enough that

simply believing that everything is

about money and not about change in

reform I think is to look at this in the

wrong way I think that change in reform

technology

AI these are going to transform

Healthcare in the future and reduce the

cost along the way and we've got to

approach the next 75 years the next

generation of healthcare with that very

firmly in mind thank you Nick I've got

Russell from Anglia Russell Hi there

yeah I appreciate you've touched on

infrastructure a little there but you've

come here to the east of England to

outline your plans and your vision for

the NHS the east of England has many uh

NHS buildings which have reached the end

of their life including the hospital in

King's Lynn where of 3 000 props holding

up the roof we've got crumbling roofs at

the West Suffolk Hospital in berries and

Edmonds it is your ambition to keep

people out of hospital but many will

still end up there how much have you

factored in the cost of renewing the NHS

estate in your plans and will that

involve public private Finance

initiatives or are you trying to avoid

locking hospitals into those uh Russell

firstly let me acknowledge the premise

of your question which is

um that the east of England has real

challenges when it comes to hospitals

also I think in terms of GP

accessibility in some parts of the east

of England so there's a real challenge

here and yes of course we've got to deal

with the infrastructure the state of our

hospitals is unacceptable in the east of

England or anywhere across uh England so

we will have to deal with that my speech

our plans today

are or include the future of healthcare

generally so you know will we have to

deal with the terrible Legacy that we

will inherit if we're privileged enough

to come into power yes we will will we

have to fix the problems yes we will I

don't shy away from that but if all we

aspire to do as an incoming labor

government is to fix the problems and

put the NHS back where it was before 13

years of failure then I don't think

that's ambitious enough which is why

we've gone Way Beyond that today thank

you Russell and I think we've got Ben

from BBC look East yeah from the BBC in

the East um changing tanks slightly you

said you came to Braintree because labor

was on the march in Essex but in Harlem

the party went backwards sportswear in

our region you had been bullish about

taking Great Yarmouth Council but failed

to do that and I

local authorities the greens are now the

why do you think labor underperformed at

the local elections earlier this month

and how much responsibility do you take

for that well Ben thank you very much

for that challenge I think you put a

version of that challenge to me last

year after local elections as well and

quite right to what I would say is this

um three years and a couple of months

ago I took over as leader of the labor

party and as Wes was saying in his

introductory remarks that was a labor

party that just lost an election the

worst loss we'd had since 1935. many

people thought it was impossible to go

from there to even talking about a labor

majority government now the challenge

I'm getting is

um you know how are you gonna actually

set up that labor majority government

what are you going to do in government

I'm pleased to take that we did make

progress here in the east of England we

did make progress in the places you

mentioned but we've got to do more and

I've said to my shadow cabinet we've got

step up again the trajectory we're on is

a trajectory that takes us to a majority

labor government and I'm very pleased

about that and that's not just about

numbers if you look I mean we're talking

today about the NHS but if you look

across the country the sort of

overwhelming conclusion pretty well now

is almost everything is broken and

nobody feels better off now than they

did 13 years ago that is the scale of

the challenge and we need a majority

labor government to get there that means

we've got to earn every vote including

in the east of England including in the

places that you mentioned I'm determined

that we will continue to do that but the

the progression in the labor party from

where we started to where we are has

been very very significant and most

people when I took over as leader-led

party shook me by the hand and said good

luck and then an ex-breath said it's not

possible to get from where you are to a

labor government in one parliamentary

term I've never accepted that I don't

accept it now and we will march to go

back to my opening words on

um here in Braintree and the east of

England as we will across the whole of

the United Kingdom thank you all very

much indeed thank you thank you

lately their Kia Style with their

pledging to tackle Cancer and a and e

waiting times uh making a big speech

there about the NHS he says that he

wants to get the NHS off its knees by

tackling waiting lists and deaths from

heart disease and strokes uh also

committing to hit for our A and E

targets which haven't been achieved

nationally since 2015 and ambulance

response times hitting all of those

targets by around 20 20

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