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Prime Minister poised to boost NHS budget by up to £6bn a year

Theresa May is poised to increase the NHS’s budget by up to £6bn a year in a bid to capitalise on its impending 70th birthday and rescue the beleaguered service’s faltering fortunes.

The prime minister will scrap the eight-year-long policy of limiting the NHS to funding rises of only 1% and, in a dramatic shift, hand it increases of between 3% and 4% for the next few years.

The official announcement of a move that could see the NHS’s budget go up by around £20bn by the end of this parliament is expected within days. May is preparing to confirm the news herself, possibly through a television interview on Sunday, or at an event on Monday.

The full details of what the funding package will involve are still unclear, but newspaper reports on Thursday evening said that the annual increase would be worth anything between £4bn and £6bn. It will be paid for through a combination of increased taxes and higher borrowing.

Read more in The Guardian.

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