Theresa May has announced a £20 billion a year increase in funding for NHS England by 2023-24.
The funding, which doesn’t include social care, is the biggest increase since 2002, and will pay for thousands more doctors and nurses. Scotland, Wales, and Northern Ireland will also get extra funding.
NHS is ‘priority’
The Government has said funding for the NHS has increased every year since 2010. But they said it now urgently needed more to meet rising demand caused by people living longer, and the cost of more complicated treatments for patients with complex conditions.
Health and social care secretary Jeremy Hunt called it an ‘historic’ moment and ‘a fitting birthday present for our most loved institution’.
Where is the funding coming from?
Some of the money comes from what Theresa May is calling the ‘Brexit dividend’. However, this has been challenged by the Institute of Fiscal Studies and the Office for Budget Responsibility, as well as some Tory members. The precise details of how the increase will be funded will be announced in the budget, with the potential for a tax increase.
Funding increase could transform cardiovascular treatments
As well as tackling major conditions such as cancer and mental health, the increase in NHS spending provides the opportunity for the health service to transform outcomes for people with heart and circulatory conditions. Simon Gillespie, our Chief Executive, said:
The NHS has overseen huge progress in improving treatments for heart and circulatory diseases over the last 70 years, which has helped to cut death rates in half.
“However, these diseases are still responsible for a quarter of all UK deaths and we face the unprecedented challenge of treating an ageing population, often with long-term multiple diseases including heart failure, stroke and vascular dementia.
“If directed in the right places, this funding increase could lead to transformational improvements in cardiovascular treatments, as well as better diagnosis of conditions that put people at risk including high blood pressure and diabetes. Not only will this improve and save lives, it will also secure a world-leading and sustainable health service well in to the next 70 years.”
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