UK Announces £22.6 Billion NHS Funding Boost and £3.1 Billion Capital Increase in 2024 Budget, Largest Since 2010

Oct 30, 2024, 01:49 PM

UK Chancellor Rachel Reeves has announced a significant increase in funding for the National Health Service (NHS) as part of the 2024 budget. The day-to-day budget for the NHS will see a £22.6 billion increase, marking the largest uplift since 2010, excluding the COVID-19 pandemic. Additionally, the capital budget for the NHS will be raised by £3.1 billion over the next two years. This funding boost reflects a strategic move to enhance public health services while also addressing public sentiment regarding taxation and spending priorities. The measures aim to bolster the NHS's operational capabilities and infrastructure amidst ongoing challenges in the healthcare sector.