On the day briefing: Autumn Budget 2018
Chancellor Philip Hammond delivered his final Budget before the UK is due to leave the EU and ahead of the 2019 Comprehensive Spending Review with a positive message that “austerity is coming to an end”, and a signal that he is preparing the economy and country for a “new chapter”. In a marked change of tone from his previous Budgets, the Chancellor set out a raft of spending measures designed to offer a promise of a brighter tomorrow for the British people whose hard work, after eight years of austerity, “has paid off”.
An unexpected £13bn windfall, resulting from better than expected tax receipts, meant that the Chancellor was able to honour the commitment to grant an additional £20.5 billion over 5 years to the NHS without raising taxes. Other big announcements included raising the personal tax free allowance, increasing the living wage and providing a £1bn boost to support the rollout of Universal Credit.
We say the commitments to mental health sends right message but more support for core services needed.
This briefing outlines the economic headlines within the Budget, key announcements for health and the wider economy, and NHS Providers’ response.Download