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PM says the NHS is to get an extra £20bn a year by 2023 as a 70th "birthday present"

• June 18, 2018

Theresa May says the NHS will receive an extra £20bn a year by 2023 as a 70th "birthday present". This means the £114bn budget will rise by an average of 3.4% annually.  May said "we're going to ensure there is a ten-year plan for the NHS. A plan for world-class health care - more doctors, more nurses. It means extra money - significantly more money going into the NHS."

How will this be funded?

The Prime Minister said this would be funded party by a "Brexit dividend", but also hinted at tax rises as she stated "as a country we will be contributing more, a bit more, but also we will have that sum of money that is available from the European Union."

What does this mean?

The NHS “will be growing significantly faster than the economy as a whole, reflecting the fact that the NHS is this government’s number-one spending priority,” May will say, according to extracts released in advance. “This money will be provided specifically for the NHS. This means reduced A&E waiting times and staff shortage and more money into research.

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References

BBC News. (2018). Theresa May unveils £20bn boost for NHS. [online] Available at: https://www.bbc.co.uk/news/health-44495598 [Accessed 18 Jun. 2018].