This story was first published in digitalhealth.net
NHS budget set to receive £6bn a year
Reports have suggested that Prime Minister Theresa May is poised to buck the Conservative trend and increase the NHS’s budget by up to £6 billion a year.
Given this July is the celebration of 70th anniversary of the creation of the National Health Service, much has been made in the press of how much money the NHS is likely to receive, with may herself promising a funding announcement earlier in the year and Health Secretary Jeremy Hunt joining calls for more funding than ministers were expected to agree to.
However, with may likely to make the £6 billion announcement in the next few days, the policy of limiting the NHS to funding rises of only one per cent, in place since the Conservative’s formed a majority government in 2010, is set to be abandoned with increases of up to four per cent for the next few years now given the green light.
Whilst the details are still unknown, reports claim that the increase will be funded by a combination of increased taxes and higher borrowing, with a much-discussed tax specifically to fund the NHS ruled out.
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