Asked by: Lord Warner (Crossbench - Life peer)
Question to the HM Treasury:
To ask Her Majesty’s Government whether the resource Departmental Expenditure Count figure for the NHS in 2016–17, set out in Table 2.9 of the Spending Review and Autumn Statement 2015, includes provision for a rolled forward overspend from 2015–16; and if not, how any such overspend will be treated.
Answered by Lord O'Neill of Gatley
The Department of Health has plans in place to manage Trust deficits in 2015-16 within the overall health budget.
The agreed Spending Review funding supports the NHS’s own detailed assessment of pressures over the Parliament – including from an ageing and growing population. In 2016-17 total NHS funding will increase by £3.8bn in real terms, equivalent to a 3.6 per cent real terms increase.
Asked by: Lord Warner (Crossbench - Life peer)
Question to the HM Treasury:
To ask Her Majesty’s Government what estimate they have made of the additional national insurance contributions that will be made in the first year of the introduction of the National Living Wage; and what assessment they have made of whether that source of revenue could be used to fund the extra cost of publicly-funded social care.
Answered by Lord O'Neill of Gatley
As set out in Table B.3 in of their July 2015 Economic and Fiscal Outlook, the Office for Budgetary Responsibility estimate that, by 2020-21, the National Living Wage will increase income tax and NICs receipts by around £0.1bn. They assume that, by 2020-21, the overall impact of the policy on the public finances is to reduce public sector net borrowing by £0.2bn.
The Chancellor will set out full plans for public expenditure at the Spending Review on 25th November.
Asked by: Lord Warner (Crossbench - Life peer)
Question to the HM Treasury:
To ask Her Majesty’s Government what estimate they have made of the additional annual funding that would be raised by (1) each one per cent rise in income tax, (2) each one per cent rise in national insurance contributions, (3) abolishing the ceiling on national insurance contributions, (4) doubling the duty on (a) tobacco, (b) alcohol, and (c) gambling, and (5) for each one per cent increase in inheritance tax (with current exemption arrangements).
Answered by Lord Deighton
Information on the revenue effects of changes in income tax, national insurance contributions, tobacco, alcohol and inheritance tax is available and published in the table ‘Direct effects of illustrative tax changes’ published on the GOV.UK website[1].
The table is a ‘ready reckoner’ showing estimates of the effects of various illustrative tax changes, on tax receipts in 2014-15 to 2016-17.