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England's NHS budget will increase by £3.3bn a year during 2023–24 and 2024–25, and spending on schools by £2.3bn over the same period [18] Defence spending to be maintained at 2% of national income [18] Overseas aid spending to remain at 0.5% until 2028, below the official 0.7% target [18]
The UK's rate of inflation was predicted to fall to 2.9% by the end of 2023, down from 10.7% in the final three months of 2022, while underlying debt was forecast to be 92.4% of GDP in 2023, rising to 93.7% in 2024.
The NHS budget is to increase by £20 billion a year by 2023. This is the equivalent of annual rises of just under 3.5%, but this has been widely criticized as below the historic trend of health funding, which in most developed countries has been rising at about 4% a year.
The Budget’s tax hikes and borrowing increases may not be enough to undo “14 years of damage” to the NHS, Rachel Reeves warned. The Chancellor is expected to pump billions of pounds into the ...
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Budget Revenue Expenditure Deficit/(Surplus) Budget Report 2024, October: £1.229 trillion £1.276 trillion £47.2 billion 2024, March: 2023, March: 2022, November: 2022, September mini-budget: 2021, October: £929 billion £1.045 trillion £116 billion 2021, March: £819 billion £1.053 trillion £234 billion 2020, March: £873 billion £928 ...
The NHS has been handed a huge £22.6bn boost in Rachel Reeves’ first Budget – but experts have warned that funding for social care falls short.. Labour’s historic budget will see spending ...
The NHS will potentially have a shortage of general practitioners. From 2015 to 2022, the number of GPs fell by 1,622 and some of those continuing to work have changed to work part-time. [57] In 2023, a report revealed that NHS staff had faced over incidents of 20,000 sexual misconduct from patients from 2017 to 2022 across 212 NHS Trusts.