css-14iz86j-BoldText {font-weight: bold;} Chancellor Rishi Sunak to announce £ 3bn more for the NHS – but warned people will soon see “economic shock exposed “as the country faces the Covid pandemic

But M Sunak said the impact of Covid on the economy must be paid off – and that high levels of borrowing cannot last indefinitely

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The NHS typically gets extra money to get through the winter months, but on a much smaller scale, with £ 700million in 2014/15, the highest payout in the past 10 years

The Treasury said the £ 3bn NHS package would help reduce backlogs in the health service, with thousands of treatments and operations delayed due to the pandemic

The number of people awaiting treatment per year has increased from around 1,500 in February to 140,000 in September

Additional funding only applies to England, but Scotland, Wales and Northern Ireland will receive equivalent funding

NHS chief executive Sir Simon Stevens said the extra money would lighten the burden on the NHS, allowing “a million extra checks, scans and transactions” to be carried out

“And because Covid has adverse mental and physical consequences, it is especially important that we can continue to expand mental health services,” he said

Speaking to the BBC’s Andrew Marr show, he said: “We know that three quarters of a million people have tragically lost their jobs already, with forecasts of more to come The loan is already reaching record levels in peacetime

“It’s not just numbers on a graph, it’s people’s lives and livelihoods, it’s their security that is affected And that’s something we’ll be struggling with for a while. time, unfortunately “

Previously, he told the Sunday Times people would soon see “the extent of the economic shock exposed”, indicating that taxes may have to start increasing next year and that there may be cuts expenses

Bailouts for the NHS in winter are not unusual, but it is, unsurprisingly, a large one by recent standards

The increase in funding represents between 2 and 3% of the frontline budget Ensuring that it has an immediate impact will be tricky, however

Charities will play a crucial role in helping alleviate the growing burden on mental health services from the pandemic But the need for social distancing and infection control has reduced the amount of activity NHS hospitals can do and the health service already purchases a significant amount of services from the private sector

There is a particular bottleneck in waiting for testing and analysis There is also a limited amount of the most valuable resource – personnel

Using overtime and agency staff can help but, like the rest of the country, a significant number of people are also being asked to self-isolate due to exposure to the virus

This means the NHS must ruthlessly prioritize – and it means Covid, cancer, emergency work and children

Elective treatments like knee and hip surgeries are the most affected This money helps, but it sure doesn’t solve the problem

The Bureau of National Statistics said government borrowing last month reached the highest figure in October since monthly surveys began in 1993 – highlighting the pandemic’s “substantial effect” on public finances

Government borrowing reached £ 214 9bn – £ 169bn over a year ago The Office of Fiscal Responsibility estimated it could reach £ 372bn by the end of the year ‘exercise in March

Paul Johnson, director of the Institute for Fiscal Studies, told the BBC the government was right to keep spending as it tried to bring the crisis under control

But he said tax hikes would be inevitable to prevent the country’s growing debt from becoming “unsustainable”

M Sunak faces criticism following reports he could announce a pay freeze for millions of public sector workers during Wednesday’s spending review

Frontline NHS staff would likely be excluded, but those affected could include police, teachers, military and civil servants

Meanwhile, the government has announced plans to remove a long-standing bias that has affected funding for the north of England and other areas outside of the South East and London

Speaking to Sky News’ Sophy Ridge program, M Sunak denied that the spending review would herald the return of austerity, saying, “What you will see is a significant increase in government spending on daily public services coming on top of the increase we have. had last year “

He declined to comment on his public sector compensation plans, but said fairness was his priority “in the context of the broader economic climate”

But Anneliese Dodds, the shadow chancellor of Labor, told the BBC’s Andrew Marr that any freeze on public sector wages would slow the recovery

“This measure would have the effect of telling a firefighter, a hospital porter, teaching assistants, that they will have less purchasing power in the future

“This means they won’t spend in our high streets, they won’t spend in our small businesses, and it’s a very good way to bring down confidence in our economy at a time when the economic recession of the UK has been deeper than that of the rest of the G7 “

A spending review is an opportunity to take a long-term view of the government’s spending plans

It indicates how much money will be allocated to different ministries and how taxpayers’ money will be spent

This year, the government decided to drop its comprehensive review of long-term spending amid the economic uncertainty of the Covid-19 pandemic and instead, next week’s review will only cover ‘a single exercise

It should focus on supporting jobs and public services during the Covid crisis, as well as investing in infrastructure to deliver on the government’s commitment to ‘level’ the country

Moncef Slaoui, US vaccine officer, says vaccination program could start as early as December 11

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Rishi Sunak

World news – GB – Coronavirus: £ 3 billion for NHS but Sunak warns of ‘economic shock’ to come

Source: https://www.bbc.co.uk/news/uk-55032782