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Debt interest has grown as a proportion of government spending in the last few years as a result of rising interest rates, and increased debt due to primarily to the cost of the Covid pandemic. [10] In financial year 2018-19, debt interest was £43 billion - around 5% of total government spending [11] compared to around 10% in 2023-24.
“This is the largest real-terms growth in day-to-day NHS spending outside of Covid since 2010.” Rishi Sunak is responding to Rachel Reeves Budget 14:02 , Joe Middleton
The most recent budget was presented by Rachel Reeves on 30 October 2024. The UK fiscal year ends on 5 April each year. The financial year ends on 31 March of each year. Thus, the UK budget for financial year 2021 runs from 1 April 2021 to 31 March 2022 and is often referred to as 2021–22.
It includes compensation of employees (such as wages and salaries), interest and subsidies, grants, social benefits, and other expenses such as rent and dividends." [ 11 ] According to Central Intelligence Agency , "budget surplus (+) or deficit (-) records the difference between national government revenues and expenditures, expressed as a ...
The party wants an extra £1.1 billion a year of capital investment in NHS infrastructure to help fix hospitals and buy new equipment.
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[176] [177] [178] The NHS operates independently in each of the four constituent countries of the UK. The NHS in England is by far the largest of the four parts and had a turnover of £92.5 billion in 2008. [179] In 2007/08 higher education institutions in the UK had a total income of £23 billion and employed a total of 169,995 staff. [180]
Nice advises its committees to consider new drugs as offering value for money to the NHS if they cost less than £20,000 to £30,000 per additional year of full health gained.