NHS Funding

David laws welcomes Lib Dem plan to increase NHS funding by £8 billion a year

The Liberal Democrats have this week set out how they will safeguard the future of the NHS. Under Liberal Democrat spending plans, announced on Tuesday, funding for the NHS will be at least £8bn higher per year in real terms by 2020.

 

To achieve this substantial increase in funding, the Liberal Democrats will do three things:

 

  1. Maintain the additional £2bn which the Liberal Democrats successfully secured as a part of the Autumn Statement for 2015/16.
  2. In addition to this funding, invest a further £1bn in real terms 2016/17 which will be maintained in future budgets.
  3. When the job of tackling the deficit has been has been finished in 2017/18, the Liberal Democrats will increase health spending in line with growth in the economy.

 

This commitment is in response to the Five Year Forward View, published by the Chief Executive of NHS England, Simon Stevens. In his report, Mr. Stevens called on the Government to protect the NHS and provide a real term funding boost of £8bn per year by 2020/21.

 

Commenting, David Laws, MP for Yeovil Constituency said:

 

‘The NHS must be protected and the Liberal Democrats are the only political party to set out a credible funding proposal designed to provide the NHS with the money it desperately needs. Under our spending plans, by 2020 the NHS will receive at least an extra £8bn a year. We need to act to safeguard the future of the NHS and that is exactly what we are doing.

 

‘By contrast, Labour have pledged only £2.5bn which will be fully introduced by the third year of the next parliament, and the Conservatives haven’t made any funding commitments at all for the NHS.

 

‘Additional funding is vitally important, but it is not enough on its own. That is why the Liberal Democrats have also committed to commissioning a non-partisan, fundamental review of the NHS and social care finances in 2015. We need to fully understand the pressures on NHS budgets and identify the best approach moving forward.’

     

Notes to Editors:

For further information please contact Alec Newton in the Office of David Laws MP on 020 7219 8413 or david.laws.mp@parliament.uk