Boris Johnson’s promise of 50,000 new nurses for the NHS includes 18,500 current NHS nurses. That was the headline policy from the Tory manifesto that was launched in Telford.
But it fell apart inside hours of being announced, as the party was made to confirm the figure included thousands of nurses already employed in the health service and Labour has branded the claim ‘deceitful’.
The party also announced the restoration of maintenance grants, worth £5,000 and £8,000 a year for student nurses but there was no mention in the manifesto of help to pay for tuition fees.
Tory officials said the 50,000 figure would be made up of 14,000 new undergraduate student nurses and 5,000-degree apprenticeships. They will be supplemented by 12,500 nurses brought to the United Kingdom from abroad, making 31,000 new nurses.
The other 18,500, the party say, will be nurses who are employed in the health service who would have otherwise left and they said they had strategies to keep nurses in the field including professional training, support and more childcare for returning mums.
But then that means that at least 40 per cent of the promised 50,000 nurses are already NHS nurses and that the Conservatives claim on nurses is honestly dishonest and the sums just don’t add up.
First, we had Boris Johnson’s fraudulent 40 new hospitals and now, we have his bogus 50,000 additional nurses.
Matt Hancock and Tory ministers pushed through the abolition of the bursary partly causing the nursing dilemma tormenting our NHS today and the new damaging Tory nurses tax on European nurses will make it impossible to deliver the nurses the NHS needs.
Labour is now saying they will deliver over 50,000 new nurses through bringing back the bursary and allowing ethical international recruitment.
The announcement marked an embarrassing climbdown for the Conservatives, who reversed their ruinous policy of scrapping students nurses bursaries, which was launched in 2016.
Health Secretary Matt Hancock stated the policy was already about generating new training places for student nurses but figures reveal that 1 in 20 student nursing places, some 1,450 in total, went unfilled in 2019.
Between the policy being implemented in June 2016 and February this year nursing degree applications in England dropped by 13,000, with 40,000 vacancies remaining unfilled, the nurses union announced the fall in student numbers had put patient safety at risk.
And the Royal College of Nursing (RCN) said the promise of maintenance grants for student nurses didn’t amount to a return of the student nurses bursary and the current double calamity of both tuition fees and living costs for a nursing degree are a hindrance to many wanting to seek a nursing profession, so they require extra funding for both factors, not just living costs as the Conservative manifesto suggests.
Forcing would-be nurses to pay tuition fees has demonstrably failed in the last two years and with this announcement, Boris Johnson hasn’t brought back the bursary, he’s promising to return one component of the package but wants to keep the high-priced tuition fees in place and figures now confirm the amount of adult nursing student applications from people over 25 in England has seen an even greater deterioration, declining by 41 per cent since the bursary was removed.
And I don’t know how many wheels are on the Tory campaign bus but they’re falling off at a startling rate with Boris Johnson being exposed as a liar about new hospitals by his own Health Secretary at the launch of the manifesto leaflet and then a car crash interview with Nicky Morgan exposing more lies about the number of new nurses.
Do they believe that voters are that dense that they can’t do the math? All you have to do is unpick a little bit of the truth in some of these pledges and is Boris Johnson going to do anything for your children, for your family, other than lying to them? And if he can’t be bothered with his children, how bothered is he going to be about yours? That’s if he even knows who his children are.
And it’s entertaining that there are masses of people out there that believe a Prime Minister who lied to the Queen not so long ago, that would have been a resignation matter and the Prime Minister would have been compelled to resign but we now know what this sleazebag riddled Prime Minister is like.
We were also promised 200,000 starter homes by the government a full five years ago but they were never built, so now we know what the Tory promise is worth and if people believe their rubbish then they’re deluded.
The Tories have already pocketed all the money in offshore accounts and the Tories have already managed to ruin this country and people should open their eyes.
We print our own money, therefore the country can’t go bankrupt, not that it’s worth the paper it’s printed on because money is just an IOU and banks are rolling in it.
And back in the 1930s, Henry Ford was thought to have said that it was a good thing that most Americans didn’t know how banking worked because if they did, there’d be a revolution.
Then something extraordinary happened, the Bank of England let the cat out of the bag and they said outright that the most common premise of how banking works was totally incorrect and that the kind of populist, heretical beliefs more frequently associated with groups such as Occupy Wall Street was correct and in doing so, they completely threw the whole theoretical basis for austerity out of the window.
To get a taste of how extreme the Bank’s new position is, you have to consider the more conventional view, which continues to be the basis of all respectable debate on public policy.
People put their money into banks, banks then lend that money out at interest, either to consumers or to business people willing to invest it in some profitable venture.
It’s true, the fractional reserve system doesn’t permit banks to lend out considerably more than they hold in reserve and if the savings don’t suffice, private banks can attempt to borrow more from the central bank.
The central bank can print as much money as it wants but it’s also mindful not to print too much. That’s why we’re usually told this is why independent central banks exist in the first place.
And if governments could print money themselves, they would put out too much of it and the resulting increase would force the economy into turmoil.
Institutions such as the Bank of England or US Federal Reserve were designed to carefully control the money supply to stop inflation, that’s why they’re prohibited to directly finance the government, say, by purchasing treasury bonds, but instead, fund private economic activity that the government simply taxes.
It’s this understanding that enables us to continue to talk about money as if it were a limited resource like bauxite or petroleum, to say that there’s not enough money to finance social programmes, to speak of the depravity of government debt or public spending, crowding out the private sector.
What the Bank of England admitted is that none of it is true. To quote from its initial summary: “Rather than banks receiving deposits when households save and then lending them out, bank lending creates deposits” … “In normal times, the central bank does not fix the amount of money in circulation, nor is central bank money ‘multiplied up’ into more loans and deposits.”
In other words, everything we know isn’t just wrong, it’s backwards and when banks make loans, they generate money. This is because money is just an IOU.
The function of the central bank is to preside over a legal order that effectively gives banks the sole right to create IOUs of a particular kind, ones that the government will recognise as legal tender by its readiness to accept them in payment of taxes.
There’s no limit on how much banks can create, provided they can find someone willing to borrow it, so they’ll never get caught short, for the simple reason that borrowers don’t, generally speaking, take the money and put it under their mattress, so ultimately, any money banks loan out will simply end up back in some bank again.
So, for the banking system as a whole, every loan simply becomes another deposit.
What’s more, insofar as banks do need to obtain funds from the central bank, they can borrow as much as they like and all the latter doesn’t set the rate of interest, the cost of money or its quantity and since the start of the recession, the US and British central banks have decreased that cost to virtually nothing.
In fact, with quantitive easing, they’ve been expertly tapping as much money as they can into the banks, without producing any inflationary effects. So, what this means is that the real limit on the amount of money in circulation isn’t how much the central bank is prepared to lend, but how much government, firms and ordinary citizens, are prepared to borrow.
Government spending is the principal operator in all this but nobody will admit it, particularly the newspapers that the central bank doesn’t finance the government, so, there’s no question of public spending crowding out private investment, it’s precisely the reverse.
So, why did the Bank of England suddenly admit all this? Well, one reason is that it’s true.
The Bank’s job is to run the system, yet the system hasn’t been working particularly well and maintaining the fantasy-land version of economics that’s proved so accessible to the wealthy is simply an extravagance it can no longer afford.
But politically, this is taking a huge risk and just consider what might happen if mortgage holders realised the money the bank lends them is not, really, the life savings of some frugal pensioner, but something the bank simply flitted into existence through its possession of a magic wand which we, the people, handed over to it.
Historically, the Bank of England has tended to be the leading sheep of a flock, with a bell on its neck, staking out seemingly radical positions that eventually become new beliefs and if that’s what’s happening here, we might someday be in a position to determine if Henry Ford was right.
Boris Johnson doesn’t do what he says he will do but then will Jeremy Corbyn do what he says he will do, or at least try and is what Jeremy Corbyn wants to do worth doing?
Perhaps their both committed to doing what they say they will do but that doesn’t mean it will happen and how can they solve the problems that they created and perhaps it’s time for actual change because the people of the United Kingdom have been in a coma for years.
It’s lies, lies and more lies and we as a nation need to wake up because there have been far too many U-turns from Boris Johnson and it’s a disgrace.
The great Tory swindle, have you been caught?