British business recognises that the UK belongs in the EU

The EU is an asset for Britain, not a hindrance. Unlike Tory MPs, our businesses haven't forgotten that.

"Britain could be an island completely adrift in 20 years."

Richard Branson’s new year message, including the stark warning quoted above, suggests that the silent majority of British business opinion are rousing themselves over what up until now has been a politico’s debate about Britain’s place in Europe. As Branson points out, the world is going to need its regional blocs to do its business. And as he pointed out in his interview with me in the New Statesman in July, the European Union is an asset for Britain, not a hindrance.

The truth is that the UK has never lost a vote on financial market regulation in the EU. We pay about £1 per person per week for membership, and for that don’t just get access to the world’s largest single market, but also shape its rules, and get the benefits of EU clout on global trade (trade agreements with 46 other countries). The tragedy of government rhetoric over the last two years is that it has demonised the status quo in Europe, without advancing an alternative. The fantasy island occupied by Boris Johnson of a club that is all single market and no social, environmental, or judicial cooperation doesn’t exist.

I hope the irony was not lost on anyone that the Prime Minister’s announcement of his big idea for his G8 Presidency – an EU-US trade deal – depends on, yes, the agreement of the EU operating by qualified majority. In the absence of global government, regional associations like the EU are going to become more important in the modern world.  If it looks like Britain has forgotten that, and certainly that is the impression from large swathes of the Tory party, then the rest of Europe is going to say "shut up or get out". In fact we should do neither: we should be advancing serious ideas for the EU to advance an agenda appropriate for all 28 members, including Britain.

The European Union flag flies with those of its member states in front of the European Parliament. Photograph: Getty Images.

David Miliband is the  President and CEO of the International Rescue Committee
He was foreign secretary from 2007 until 2010 and MP for South Shields from 2001 until this year. 

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Is anyone prepared to solve the NHS funding crisis?

As long as the political taboo on raising taxes endures, the service will be in financial peril. 

It has long been clear that the NHS is in financial ill-health. But today's figures, conveniently delayed until after the Conservative conference, are still stunningly bad. The service ran a deficit of £930m between April and June (greater than the £820m recorded for the whole of the 2014/15 financial year) and is on course for a shortfall of at least £2bn this year - its worst position for a generation. 

Though often described as having been shielded from austerity, owing to its ring-fenced budget, the NHS is enduring the toughest spending settlement in its history. Since 1950, health spending has grown at an average annual rate of 4 per cent, but over the last parliament it rose by just 0.5 per cent. An ageing population, rising treatment costs and the social care crisis all mean that the NHS has to run merely to stand still. The Tories have pledged to provide £10bn more for the service but this still leaves £20bn of efficiency savings required. 

Speculation is now turning to whether George Osborne will provide an emergency injection of funds in the Autumn Statement on 25 November. But the long-term question is whether anyone is prepared to offer a sustainable solution to the crisis. Health experts argue that only a rise in general taxation (income tax, VAT, national insurance), patient charges or a hypothecated "health tax" will secure the future of a universal, high-quality service. But the political taboo against increasing taxes on all but the richest means no politician has ventured into this territory. Shadow health secretary Heidi Alexander has today called for the government to "find money urgently to get through the coming winter months". But the bigger question is whether, under Jeremy Corbyn, Labour is prepared to go beyond sticking-plaster solutions. 

George Eaton is political editor of the New Statesman.