Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

UK plans 6 billion pound package to boost health service capacity

Published 10/24/2021, 05:48 PM
Updated 10/24/2021, 05:50 PM
© 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)

Latest comments

2.3B for Testing services???
For the Tory friends who run the testing companies of course...
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.