Printer Friendly

'Chancellor may boost NHS without raising taxes'.


BY GAVIN GORDON PHILIP Hammond is set for a Budget "windfall", meaning he may be able to increase NHS funding without raising income taxes, it has been reported.

The public finance deficit for 2018-19 is set to drop by around PS13billion, forecasts have shown.

Theresa May pledged this year to give an extra PS20billion annually to NHS England by 2023.

The deficit drop could help the Chancellor prop up NHS funds without hammering the taxpayer in his Budget on Monday.

The figures follow revisions to Office for Budget Responsibility forecasts.

Tax receipts for the year are better than expected, while Government borrowing is lower, the Financial Times reported.

The Treasury did not comment, describing the report as "speculation".

No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2018 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:The Mirror (London, England)
Date:Oct 23, 2018
Previous Article:PM RULES OUT PEOPLE'S VOTE; May rejects plea from 700,000 at EU protest rally.
Next Article:Budget hope of rate slash in small firms.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters