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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