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NHS: Finance

Treasury written question – answered on 27th June 2018.

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Photo of Kate Hollern Kate Hollern Shadow Minister (Housing, Communities and Local Government)

To ask Mr Chancellor of the Exchequer, how his Department plans to fund the additional £20bn for the NHS announced on 18 June 2018 through (a) tax increases and (b) other means.

Photo of Elizabeth Truss Elizabeth Truss The Chief Secretary to the Treasury

On 18 June, the Prime Minister set out that the NHS in England will receive an increase in funding over the next five years that equates to over £20 billion additional real terms funding a year by 2023-24.

It’s because of our balanced approach to public spending that we’re able to do this. In order to ensure we don’t pass on extra debt to the next generation, it will be funded from a combination of sources, including funding we will no longer be sending to the EU. The Chancellor will set out further detail at Budget.

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