NHS: Finance

Department of Health and Social Care written question – answered on 3rd July 2018.

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Photo of Lord Bassam of Brighton Lord Bassam of Brighton Deputy Chairman of Committees, Deputy Speaker (Lords), Chair, Regenerating Seaside Towns and Communities Committee

To ask Her Majesty's Government how much additional funding they estimate the NHS will receive in each financial year from 2018 to 2025; and what percentage of that funding will be raised from (1) increased taxation, (2) anticipated savings, and (3) the Brexit dividend.

Photo of Lord O'Shaughnessy Lord O'Shaughnessy The Parliamentary Under-Secretary for Health and Social Care

The Prime Minister has announced a five-year funding agreement which will see the National Health Service budget grow by over £20 billion, in real terms, by 2023-24. The planned resource budgets for NHS England, and what these amount to as additional funding in real terms, are included in the attached table due to the size of the data. These planned increases will be confirmed at a future fiscal event, subject to a NHS plan that meets the tests we have set out.

This funding agreement does not extend to 2024-25, for which planned resource budgets for NHS England have not yet been confirmed.

As the Prime Minister and the Secretary of State for Health and Social Care have set out, some of this funding will be paid for by the United Kingdom no longer having to send annual membership subscriptions to the European Union. The commitment the Government is making goes further and so we will all need to make a greater contribution through the tax system – in a fair and balanced way - because we can not pass on extra debt to the next generation.

The Government will listen to views about how we do this and the Chancellor will set out the details in due course.

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