Wednesday, 18 July 2018

NHS spending to strain public finances for next 50 years, OBR warns

NHS spending to strain public finances for next 50 years, OBR warns Extra health funding for an ageing population will add to deficit, Treasury forecast says.
Extra health funding and a population that is ageing faster than previously expected will add to the burden of spending over the next 50 years, according to the Treasury’s independent forecaster.
The £20bn boost to the health budget by 2021-22 promised by Theresa May, coupled with falling immigration – which will cut the number of young and working age people – will increase the public deficit unless the government moves to increase taxes or take other measures to reduce spending, the Office for Budget Responsibility (OBR) said. The Guardian

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