PM calls for 10-year plan to spend cash — NHS funding

May’s softball interview with ex-adviser overshadowed by claims of ‘black hole’ in her NHS plans

She also signalled that the NHS faces a fresh shake-up with ministers preparing to ditch David Cameron's controversial health reforms in a drive against waste and bureaucracy.

What do the experts think?

Speaking in the Commons following the PM's speech, health secretary Jeremy Hunt said a "putting the economy back on its feet dividend" would help fund the boost for the NHS, alongside a so-called "Brexit dividend".

The PM has just announced a grand new plan to invest in the National Health Service.

Whether you believe the government jumped or was pushed, all three represent meaningful change for the NHS - the funding deal most of all.

Asked how improvements to social care could be funded, he said: "We all need to make better provision for our own social care ... than we do at the moment".

Where's the money going to come from?

However, health chiefs have warned that rises of around four per cent are needed to improve the quality of care for an ageing population, while Labour said the announcement represented "little more than a standstill in funding".

"So we have to see the detail and see where this money is going to come from we have to see that it is going to be real money".

That could include reducing spending elsewhere.

Twenty billion pounds annually is approximately 384 million pounds per week. It said "it looks like there is limited potential elsewhere for making cuts that could compensate for rises in health spending".

The government also said that economic growth and savings from Britain exiting the European Union would help cover the cost. The specifics of how this will work haven't yet been outlined. It has been estimated that the measure could raise nearly £4 billion by the end of this Parliament.

Cancelling a proposed fall in Corporation Tax-from 19% to 17% in 2020-could raise around £6 billion. Any departure that involves tax increases could upset core voters and open it up to criticism from the opposition Labour Party.

"The OBR (Office for Budget Responsibility) has said it could by £15bn a year; it could be a bit more, it could be a bit less".

It also explores what would happen if a dedicated NHS tax was introduced, more information on that is available here.

"These will still be tough years ahead", he added.

"We will be able to explain exactly where every penny is coming from but we will do that in the Budget", said the Health Secretary. The International Longevity Centre calculated that if things carry on as they are, health spending could rise from around 6 percent of GDP in 2019-20 to 16.4 percent by 2064-65, which would be completely unsustainable.

"There is no Brexit dividend and an NHS funding plan that relies on such a source would be literally worthless".

"Today's announcement on funding is nowhere near good enough and the Prime Minister has confirmed there is no new money for social care. It's right that we use that money to spend on our priorities, and the NHS is our number-one priority". "We want to see this long-term plan for the NHS delivering for the NHS".

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