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July 7, 2016
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NHS finances outside the EU

“The NHS in England is already facing its worst ever financial challenge, following an unprecedented squeeze on funding for health and social care. At the end of the last financial year, health care providers reported a £2.5bn deficit, as 65% struggled to balance their books.

“Leading economists are almost unanimous in concluding that leaving the EU will have a negative effect on the UK economy, which in turn will impact on public spending. This report concludes that it is difficult to see how the NHS can escape the consequences.
 
“The NHS budget could be £2.8bn lower than currently planned in 2019/20, if the government aims to balance the books overall. In the longer term, the NHS funding shortfall could be at least £19bn by 2030/31– equivalent to £365m a week – assuming the UK is able to join the European Economic Area. If this is not the case, the shortfall will potentially be as high as £28bn – which is £540m a week.” – NHS finances outside the EU

c/o Danny Yee

 

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