Commenting on today's Budget, Anita Charlesworth, Director of Research and Economics at the Health Foundation, said: ‘The level and speed of extra funding announced by the Chancellor today has exceeded expectations. The NHS was staring over a precipice - this is an important step away from the edge. The much needed £350m of immediate spending will go some way to help the NHS to meet emergency pressures this winter.

‘However, even with today’s announced investment, the NHS will be under considerable pressure. The extra capital and day to day funding amounts to around half of the £4bn of spending pressures facing the service next year. The NHS is outperforming the wider economy in productivity improvements, but will still face big challenges, not least a waiting list of four million people.

‘The Chancellor has announced an extra £10bn in capital funding over the course of this parliament. This is much needed to start clearing the £5.6bn maintenance backlog and allow essential improvements to equipment and ageing infrastructure. But the total capital funding announced today relies on a large amount of asset sales and private funding, with less than half coming from extra Treasury funding.

‘The NHS frequently relies on the hard work of its staff. Today’s announcement of additional funds for the next pay settlement for Agenda for Change staff - mostly nurses - is a positive move, though will be dependent on further productivity improvements. However, any pay rise for doctors and GPs is not covered by this and would have to come out of NHS budgets.'

Media contact

Peter Stilwell

peter.stilwell@health.org.uk

020 7664 4647

Further reading

Briefing

The Autumn Budget

November 2017
Briefing

Joint statement on health and social care with Nuffield Trust and the King's Fund.

You might also like...

News

Government must be realistic about the pace of NHS recovery

News

Health Foundation response to the Government's 2021–22 mandate to NHS England and NHS Improvement

Newsletter blog

Rescue to recovery: why we must keep looking ahead

Newsletter blog

‘In the middle of a global pandemic it has sometimes felt strange to be thinking long term’,...

Podcast

President Biden’s uphill task on US health care

Podcast

Episode 6. What can the Biden administration accomplish on health and health care in the next four...

Kjell-bubble-diagramArtboard 101 copy

Get social

Can integrated care reduce hospital use? Yes, but it can take time. Our #ImprovementAnalytics Unit analysis finds… https://t.co/Uc5FAKCOCV

Follow us on Twitter
Kjell-bubble-diagramArtboard 101

Work with us

We look for talented and passionate individuals as everyone at the Health Foundation has an important role to play.

View current vacancies
Artboard 101 copy 2

The Q community

Q is an initiative connecting people with improvement expertise across the UK.

Find out more