Tax to fund the NHS

A large number of constituents have written in the run-up to the Budget to ask me that the cash settlement for the NHS that was set out in June should be funded by a fair tax rise. 

As I am sure you are now aware, the announcement recently made in the Budget of an improved economic growth forecast means that we can fully fund this, resulting in £20.5 billion more for the NHS in real terms by 2023-24, and an average real growth rate in the NHS’s budget of 3.4 per cent a year.

Indeed, far from increasing income tax, the Personal Allowance will be raised to £12,500 and the Higher Rate Threshold to £50,000 from April 2019 – one year early.

I am pleased that, through careful management of the economy since 2010, the Government is able to deliver record levels of investment into the NHS at the same time as taking more people out of tax.