Government announcement: NHS Funding Plan

The NHS will receive increased funding of £20.5bn in real terms per year by the end of the 5 years compared to today,

This is according to the Government announcement on Monday 18 June of a 5-year NHS funding plan.

Key points include:

  • NHS will receive an average 3.4 per cent a year real-terms increase in funding over the next 5 years
  • increased funding will support a new 10-year long-term plan the NHS will bring forward
  • the long-term plan will help the NHS tackle waste and improve services.

The NHS will work with the government to develop a 10-year plan which will be published later this year. One of the priorities is improving access to mental health care.. The government will also make proposals on social care reform later this year.

Prime Minister, Theresa May said:

Some of the extra funding will come from using the money we will no longer spend on our annual membership subscription to the European Union.

But… taxpayers will have to contribute a bit more in a fair and balanced way to support the NHS we all use.

Read her speech in full.

Read the NHS funding announcement in full.