The NHS Confederation has brought together two independent organisations – the Institute for Fiscal Studies (IFS) and the Health Foundation – to conduct a comprehensive study into the funding needs of the UK’s health and care systems for the next 15 years.
The work is designed to identify the challenges faced by health and care services and to provide objective evidence of what will be needed going forward.
Securing the future: funding health and social care to the 2030s is the first report from the study.
It concludes that cost pressures on the NHS are set to grow and that a long-term funding solution is needed, likely through tax increases.
Key findings include:
- Just to maintain current service levels, UK health spending will need to increase by £95bn by 2033/34, rising from 7.3 per cent of national income this year to 8.9 per cent of national income – increases of 3.3 per cent a year.
- But if the government wishes to improve NHS services, including meeting waiting times targets and addressing under-provision in mental health services, increases of approximately 4 per cent a year will be needed.
- Some catch-up money will be needed over the next five years to maintain services and address the backlog of funding problems. This will require funding to grow by 5 per cent a year, before falling back to levels closer to the historic trend of 3.7 per cent.
- Meeting these pressures will almost certainly require tax increases, as cuts in spending on other services are unsustainable following eight years of austerity.
Download the report.
You can also find out more in this short animation:
Kindly hosted by Sarah Wollaston MP, chair of the Health Select Committee, the report will be launched in parliament on 6 June at an event featuring speeches from:
- Niall Dickson, Chief Executive, NHS Confederation
- Anita Charlesworth, Director of Research and Economics, Health Foundation
- Paul Johnson, Director, Institute for Fiscal Studies
Attendance is by invitation-only – please contact email@example.com to request a place
Sign our e-petition
The NHS Confederation has launched a petition calling on the government to commit to a funding plan for health and social care to 2035 in recognition of the crippling effects of rising demand, underfunding and workforce shortages.
To lend your support, please sign the petition and spread the word.