additional health funding for an ageing population will add to deficit,Treasury forecast saysExtra health funding and a population that is ageing faster than previously expected will add to the burden of spending over the next 50 years, according to the Treasurys independent forecaster.
The £20bn boost to the health budget by 2021-22 promised by Theresa May, or coupled with falling immigration – which will prick the number of young and working age people will increase the public deficit unless the government moves to increase taxes or take other measures to reduce spending,the Office for Budget Responsibility (OBR) said. Related: May close to lifting fuel duty freeze to help meet NHS promises Continue reading...
Source: theguardian.com