Show Hide image

50 People Who Matter 2011 | 6. Larry Page, Sergey Brin and Eric Schmidt

Search party.

Thirteen years on from its conception, Google is still king of the internet and in the past year has extended its reach. With approximately three billion searches being made on the site every day, Google dominates the digital market and has expanded its product range to include a web browser, an email service and its own social networking site, Google+. Though Eric Schmidt stepped down as chief executive this year, he remains executive chairman and adviser to the founders, Page and Brin. And the Google guys show no sign of slowing down. In May 2011, unique visitors of Google surpassed the one billion mark for the first time, an 8.4 per cent increase on last year.

Previous: 5. Barack Obama

Next: 7. Christine Lagarde

Back to list

This article first appeared in the 26 September 2011 issue of the New Statesman, The fifty people who matter

Getty Images.
Show Hide image

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.