NHS to receive an extra £33.9 billion a year by 2024 in new funding bill
Announced by the Department of Health and Social Care (DHSC), the NHS Long Term Plan Funding Bill will enshrine in law an extra £33.9 billion a year by 2024 for the National Health Service.
The NHS Long Term Plan was revealed in January 2019, outlining the ways in which the NHS is going to improve over the next decade.
Now, Secretary of State for Health and Social Care Matt Hancock is introducing the NHS Long Term Plan Funding Bill to Parliament, which will see the NHS receive an extra £33.9 billion every year by 2024.
The bill will include a ‘double-lock’ commitment that places a legal duty on both the Secretary of State and the Treasury to uphold this minimum level of NHS revenue funding over the next four years. It also places a legal duty on the Government to guarantee a minimum level of spending every year, rising to £148.5 billion by 2024.
However, the bill does not dictate how the NHS spends the extra funding, leaving that decision to local clinicians for their local area.
It will be one of the first pieces of domestic legislation to go through Parliament since Boris Johnson’s Conservative Party won the 2019 General Election.
In the first stage of this annual funding increase, the Government has already provided an extra £6.2 billion since April 2019, following the launch of the Long Term Plan last year.
The bill provides safeguards that mean the Treasury will be required to ensure the annual supply estimates for the department’s NHS budget cannot be reduced, creating a legal exception that protects frontline NHS funding for the first time.
Prime Minister Boris Johnson said: “I have heard loud and clear that the priority of the British people is the NHS.
“Guaranteeing frontline services the biggest cash boost in history is another huge step towards making sure this treasured institution has everything it needs to deliver world-class care.
“There can be no doubting our commitment to the NHS. Putting our record funding commitment into law shows that we will stop at nothing to deliver on the people’s priorities.”
Health and Social Care Secretary Matt Hancock added: “During the election campaign, we committed to boosting funding for our NHS over the course of the Parliament and ensuring these new resources get to the frontline so that patients receive the care they need.
“Today we are making good on that manifesto commitment by introducing the NHS Funding Bill, demonstrating this government’s ironclad commitment to the NHS.
“With this unprecedented bill, we will enshrine in law the largest cash settlement in NHS history – bringing the total annual budget to almost £150 billion within 5 years.
“This funding bill will empower the NHS and its world-class clinicians to deliver our bold plan for the NHS. They can do so safe in the knowledge this government is giving them the financial certainty and support to revolutionise prevention, detection, and treatment of thousands of patients over the coming decade.”https://thiis.co.uk/nhs-to-receive-an-extra-33-9-billion-a-year-by-2024-in-new-funding-bill/https://i1.wp.com/thiis.co.uk/wp-content/uploads/2018/11/NHS.jpg?fit=1000%2C618&ssl=1https://i1.wp.com/thiis.co.uk/wp-content/uploads/2018/11/NHS.jpg?resize=150%2C150&ssl=1Government & Local AuthoritiesInvestments & FundingNHSSector NewsBoris Johnson,Department of Health and Social Care,DHSC,healthcare sector,Matt Hancock,NHS,NHS funding,NHS funding bill,NHS Long Term PlanAnnounced by the Department of Health and Social Care (DHSC), the NHS Long Term Plan Funding Bill will enshrine in law an extra £33.9 billion a year by 2024 for the National Health Service. The NHS Long Term Plan was revealed in January 2019, outlining the ways in which the...Sarah SarsbySarah Sarsbysarah@thiis.co.ukAdministratorTHIIS Magazine