US economy

UK plans 6 billion pound package to boost health service capacity



© Reuters. FILE PHOTO: Britain’s Chancellor of the Exchequer Rishi Sunak delivers a speech during the annual Conservative Party Conference, in Manchester, Britain, October 4, 2021. REUTERS/Toby Melville

LONDON (Reuters) – British finance minister Rishi Sunak’s budget this week will include an extra 5.9 billion pounds ($8.1 billion) of spending for the health service over the next few years to drive down waiting lists, the finance ministry said on Sunday.

The sum comes on top of an 8 billion pound package announced in September to tackle backlogs built up over the COVID-19 pandemic, the finance ministry said.

The spending is aimed at increasing what is termed elective activity in the National Health Service (NHS) – such as scans and non-emergency procedures – by 30% by the 2024/25 financial year.

It comprises 2.3 billion pounds for testing services, 2.1 billion pounds to improve the technology behind the health service, and 1.5 billion pounds to increase bed capacity.

“This is a game-changing investment in the NHS to make sure we have the right buildings, equipment and systems to get patients the help they need and make sure the NHS is fit for the future,” Sunak said in a statement.

On Saturday, the government said the budget https://www.reuters.com/world/uk/uk-plans-3-billion-pounds-new-education-funding-budget-2021-10-23 would include 5 billion pounds to fund health research and 3 billion pounds for education.

Sunak is expected to set fairly tight limits for most areas of day-to-day public spending in his budget on Wednesday, which will seek to lower public debt after a record surge in borrowing during the pandemic.

($1 = 0.7272 pounds)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.