NHS: Finance

(asked on 18th July 2018) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government what assessment they have made of the findings of the Office for Budget Responsibility, 2018 Fiscal Sustainability Report, published in July, that there will not be a Brexit dividend to fund their spending pledges for the health service.


Answered by
Lord Bates Portrait
Lord Bates
This question was answered on 31st July 2018

The OBR Fiscal Sustainability Report (FSR) stated that “there will be direct savings from the net contributions to the EU budget that the UK will no longer have to make” after leaving the EU. These savings can be allocated to domestic priorities.

As the Prime Minister set out, the NHS is the government’s number one spending priority. The announcement stated that the government’s commitment to the NHS will be partly funded by money that we will no longer spend on our annual membership subscription to the European Union after we have left. In addition, taxpayers will need to contribute a bit more in a fair and balanced way. The Chancellor will set out further details at a future fiscal event.

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