Budget 2017

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Chancellor Philip Hammond has today (8 March) delivered the government’s Spring Budget. Below are the main points of interest for the NHS and the NHS workforce. 

Health and social care

  • An extra £2bn in funding for social care across the next three years, with £1bn available in the next year to allow local authorities to act now to commission new care packages. This funding will act as a bridge to the Better Care Fund, which becomes available towards the end of this parliament.
  • The government will produce a Green Paper to be published in the autumn, setting out the options for the future funding of social care.
  • £325m investment in a small number of STPs that are ready ahead of schedule, to allow the plans to proceed.
  • Further investment where necessary for other STPs, with a further announcement in the Autumn Budget around a multi-year capital investment programme for the implementation of STPs across England.
  • £100m investment to place more GPs in accident and emergency departments for next winter.

Other announcements

  • Abolition of Class 2 National Insurance contributions and an increase in Class 4 National Insurance contributions from 9 per cent to 10 per cent in April 2018 and to 11 per cent in April 2019. This will mean the self-employed will pay the same contributions as employees with the same salaries. *Update: On 15 March 2017, Philip Hammond announced that the plans to increase National Insurance contributions for self-employed people will not go ahead. 
  • A £300m funding boost to support new PhD places and fellowships in science, technology, engineering and maths subjects.
  • New T-levels in 15 technology-related subjects, to give parity of esteem to technical education.
  • £5m funding to support people returning to work after a career break.

The chancellor also reiterated the commitments made in the 2016 Autumn Statement around the apprentice levy, tax-free childcare and the planned rise in personal tax-free allowance.

You can find NHS Employers’ summary of the 2016 Autumn Statement still available on our website.

The Budget is available in full on the HM Treasury website and the implications for the wider NHS are outlined in an on-the-day briefing from the NHS Confederation.

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