Autumn Budget 2021: Healthcare expenditure to increase by £30bn

Government spending on healthcare is set to increase by £30bn per year by the end of the Parliament.

Delivering his Budget speech this afternoon, chancellor Rishi Sunak revealed that while spending on healthcare stood at £133bn at the start of the parliament, and £147bn for 2020/21, this figure is set to increase to £177bn by 2024/25.

This includes an already announced £8bn for a major catch up programme that will help the NHS to provide elective care that was delayed by the pandemic.

“The NHS aims to undertake around 30% more elective activity by 2024-25 than was the case before the pandemic, after accounting for the impact of an improved care offer through systems transformation, and advice and guidance,” HM Treasury said.

“This will be supported by £5.9bn capital investment for the NHS to tackle the backlog of non-emergency procedures and modernise digital technology.”

Providing further details, the Autumn Budget documents reveal:

The document also sees government commit to continuing to invest in and transform the Medicines and Healthcare products Regulatory Agency (MHRA), which it said played a crucial role in the approval of vaccines during the pandemic.

 

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