Hospital Dr News

Chancellor commits extra funding of £2.8bn to the NHS in the Budget

Health experts welcomed the Chancellor’s commitment to additional funding for the NHS in the Budget.

However, they warned that the £2.8bn in extra funding for the NHS in England did not go far enough, and the lack

The Budget also included a £10bn capital investment fund for hospitals up to 2022.

Richard Murray, Director of Policy for The King’s Fund, said: “The additional money for the NHS is a welcome shot in the arm as it struggles to meet rising demand for services. But it is still significantly less than the £4 billion we estimate the NHS needs next year. Even with this additional funding, the service will struggle to meet key targets and provide the investment needed in services such as general practice and mental health.

“The significant increase in capital spending after several years of capital budgets being raided to cover deficits is good news. But to deliver the £10 billion package promised by the Chancellor, considerable sums of money will need to be raised through NHS land sales and other means to top up the £4 billion of extra government investment.”

The Chancellor also committed £350m immediately to address pressures this winter.

£1.6bn will be made available for 2018-19 and the remainder in 2019-20.

It follows NHS England’s CEO Simon Stevens making an unprecedented call for additional funding last week.

RCP president Professor Jane Dacre said: “The additional funding announced by the Chancellor of £350 million for this winter will in some way help relieve the short term pressures that the NHS is facing, however we are still concerned that this money will not meet the long term transformational needs of our NHS.

“Also, many of the current challenges facing the delivery of care are the result of reductions to local authority and social care funding. Without sufficient investment in social care delivery it will be increasingly difficult for the NHS to meet patient need, we look forward to seeing the Government Social Care Green Paper on plans for creating a sustainable health and social care system.”

The government also said that if the independent pay review body recommended a pay rise for nurses this would be honoured.

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