Investi Stratix
  • Politics
  • Economy
  • Forex
  • Stock
  • Editor’s Pick
  • Politics
  • Economy
  • Forex
  • Stock
  • Editor’s Pick
No Result
View All Result
Investi Stratix
No Result
View All Result

UK budget to give health service huge boost, Reeves says

by
October 29, 2024
in Stock
0
UK budget to give health service huge boost, Reeves says

LONDON (Reuters) – Britain’s finance minister Rachel Reeves will announce billions of pounds in funding for the National Health Service (NHS) in Wednesday’s budget that will go towards buying new equipment for hospitals and increasing the number of operations.

Prime Minister Keir Starmer has said tax rises will be necessary to rebuild Britain’s public services, pledging no return to austerity despite a difficult fiscal inheritance after Labour won a July election.

“I am putting an end to the neglect and under investment (the NHS) has seen for over a decade now,” Reeves said on Monday.

“We will be known as the government that took the NHS from its worst crisis in its history, got it back on its feet again and made it fit for the bright future ahead of it.”

The finance ministry said there would be 1.5 billion pounds ($1.95 billion) for new surgical hubs and scanners, and 70 million pounds for radiotherapy machines.

It said there would be enough funding to deliver an extra 40,000 elective appointments a week, including 1.8 billion pounds invested by the government since July.

Reeves will announce the final figure on Wednesday.

The state-run NHS has endured some of its hardest winters recently as it struggled to cope with backlogs in elective procedures delayed by COVID and industrial action.

Starmer has promised to deliver a 10-year plan to fix the NHS in England, after an independent report said it was in critical condition.

He has agreed pay deals with health workers, ending a series of strikes the previous Conservative government blamed for extending waiting lists.

The finance ministry said the extra funding would help the NHS meet a commitment that 92% of people wait less than 18 weeks to start treatment.

The British government runs the health service in England, and it is a devolved area of policy in Scotland, Wales and Northern Ireland.

($1 = 0.7705 pounds)

This post appeared first on investing.com
Previous Post

Bank of Korea board member says dollar liquidity not worrying, media reports

Next Post

US stock futures steady with big tech earnings, econ. data on tap

Next Post
US stock futures steady with big tech earnings, econ. data on tap

US stock futures steady with big tech earnings, econ. data on tap

Subscribe to InvestiStratix.com

    Popular News

    How billionaire Caltagirone could influence Italy’s banking M&A wave

    How billionaire Caltagirone could influence Italy’s banking M&A wave

    May 18, 2025
    Argentina’s black market for dollar falters as President Milei dismantles currency controls

    Argentina’s black market for dollar falters as President Milei dismantles currency controls

    May 17, 2025
    Eli Lilly pulls ahead of Novo in obesity drug gold rush as new players crowd in

    Eli Lilly pulls ahead of Novo in obesity drug gold rush as new players crowd in

    May 17, 2025
    How billionaire Caltagirone could influence Italy’s banking M&A wave

    How billionaire Caltagirone could influence Italy’s banking M&A wave

    May 17, 2025
    Walmart to pass on tariff burden to shoppers, braces for margin volatility

    Walmart to pass on tariff burden to shoppers, braces for margin volatility

    May 16, 2025

    Trending News

    How billionaire Caltagirone could influence Italy’s banking M&A wave

    How billionaire Caltagirone could influence Italy’s banking M&A wave

    May 18, 2025
    Argentina’s black market for dollar falters as President Milei dismantles currency controls

    Argentina’s black market for dollar falters as President Milei dismantles currency controls

    May 17, 2025

    Popular News

    • How billionaire Caltagirone could influence Italy’s banking M&A wave
      May 18, 2025
    • How billionaire Caltagirone could influence Italy’s banking M&A wave
      May 17, 2025

    About Us

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 investistratix.com | All Rights Reserved

    No Result
    View All Result
    • Politics
    • Economy
    • Forex
    • Stock
    • Editor’s Pick

    Copyright © 2025 investistratix.com | All Rights Reserved