Connect with us

Hi, what are you looking for?

Alive Business PlanAlive Business Plan

Investing

UK budget to give health service huge boost, Reeves says

LONDON (Reuters) – Britain’s finance minister Rachel Reeves will announce billions of pounds in funding for the National Health Service (NHS) in Wednesday’s budget that will go towards buying new equipment for hospitals and increasing the number of operations.

Prime Minister Keir Starmer has said tax rises will be necessary to rebuild Britain’s public services, pledging no return to austerity despite a difficult fiscal inheritance after Labour won a July election.

“I am putting an end to the neglect and under investment (the NHS) has seen for over a decade now,” Reeves said on Monday.

“We will be known as the government that took the NHS from its worst crisis in its history, got it back on its feet again and made it fit for the bright future ahead of it.”

The finance ministry said there would be 1.5 billion pounds ($1.95 billion) for new surgical hubs and scanners, and 70 million pounds for radiotherapy machines.

It said there would be enough funding to deliver an extra 40,000 elective appointments a week, including 1.8 billion pounds invested by the government since July.

Reeves will announce the final figure on Wednesday.

The state-run NHS has endured some of its hardest winters recently as it struggled to cope with backlogs in elective procedures delayed by COVID and industrial action.

Starmer has promised to deliver a 10-year plan to fix the NHS in England, after an independent report said it was in critical condition.

He has agreed pay deals with health workers, ending a series of strikes the previous Conservative government blamed for extending waiting lists.

The finance ministry said the extra funding would help the NHS meet a commitment that 92% of people wait less than 18 weeks to start treatment.

The British government runs the health service in England, and it is a devolved area of policy in Scotland, Wales and Northern Ireland.

($1 = 0.7705 pounds)

This post appeared first on investing.com
Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    You May Also Like

    Latest News

    The Gateway Pundit, a far-right website, published a note from its editor on Saturday acknowledging that two election workers in Georgia did not engage...

    Latest News

    New majorities in Congress, particularly when the incoming party has a new leader, offer the rare chance for the institution to take a breath...

    Latest News

    Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

    Investing

    JAKARTA (Reuters) -Indonesia has asked Alphabet (NASDAQ:GOOGL)’s Google and Apple (NASDAQ:AAPL) to block Chinese fast fashion e-commerce firm Temu in their application stores in...



    Disclaimer: alivebusinessplan.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 alivebusinessplan.com