S&P: Election may spur more spending on 'floundering' health service

The election could lead to more spending on the "floundering" health service but will have no immediate effect on the country's credit rating, S&P Global Ratings has said.

But S&P expects no sharp change in policies when a new government is formed following the February 8 election, although "pressure could increase over the medium term with respect to, for example, the floundering health care system, house price inflation or rising budgetary reliance upon historically high corporate tax receipts".