The NHS Long Term Plan Funding Bill includes provisions for an additional annual £33.9 billion until 2024.
The Bill will be presented to Parliament today by the Secretary of State for Health and Social Care, Matt Hancock. Its purpose is “for the NHS to transform care”, and is not prescriptive in how the money should be spent.
Matt Hancock said:
“Today we are making good on that manifesto commitment by introducing the NHS Funding Bill, demonstrating this government’s ironclad commitment to the NHS.
“With this unprecedented bill, we will enshrine in law the largest cash settlement in NHS history – bringing the total annual budget to almost £150 billion within 5 years.
“This funding bill will empower the NHS and its world-class clinicians to deliver our bold plan for the NHS. They can do so safe in the knowledge this government is giving them the financial certainty and support to revolutionise prevention, detection, and treatment of thousands of patients over the coming decade.”
Read the Government press release here.