• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Editor's Pick

UK outlines National Health Service overhaul after budget uplift

by November 13, 2024
written by November 13, 2024

LONDON (Reuters) – Britain set out plans to overhaul its National Health Service (NHS) on Wednesday, aiming for better value for money and improved productivity, as it seeks to ensure 23 billion pounds ($29 billion) of new cash is used to cut waiting lists.

The government announced the major uplift in spending for the state-run NHS on Oct. 30 as part of a budget that involved sharp increases in tax, spending and borrowing to improve creaking public services from health to education to transport.

Seeking to reassure markets that the spending splurge was a one-off, the government also promised reforms to make those public services more efficient.

Health Minister Wes Streeting, who has previously said the NHS was “broken”, on Wednesday announced a package of measures to turn around the NHS in England.

“We are announcing the reforms to make sure every penny of extra investment is well spent and cuts waiting times for patients,” he said in a statement, ahead of a speech he is due to give at a health conference in Liverpool.

Under the reforms, persistently failing managers will be replaced and turnaround teams will be put into hospitals which are struggling financially and not providing a good enough service.

Streeting said he wanted waiting times to be cut to 18 weeks from 18 months. Economists have blamed the shrinking size of Britain’s workforce on treatment delays which have stopped people from being fit enough to work.

Other measures include putting different NHS providers into league tables and giving high-performing providers the incentive to run their budget as they will be permitted to invest any surplus in buildings, equipment and technology.

A consultation will also look at banning NHS staff from resigning and then offering their services back to hospitals for a higher fee via a recruitment agency, the statement added.

Earlier this year, NHS England cited several factors for its recent drop in productivity, including strikes, temporary staffing costs and the changing needs of patients.

($1 = 0.7804 pounds)

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
San Francisco wins order blocking Oakland’s airport from using ‘San Francisco’ name
next post
Dollar holds firm ahead of US inflation, bitcoin targets fresh highs

You may also like

China central bank conducts 1.7 trln yuan of...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

ECB president fears loss of central bank independence

January 27, 2025

European tech shares tumble as China’s AI push...

January 27, 2025

Futures slip as investors eye China’s latest AI...

January 27, 2025

Markets may be repeating the mistake of 2019,...

January 27, 2025

How billionaire Caltagirone could influence Italy’s banking M&A...

January 27, 2025

How Italy’s MPS went from near collapse to...

January 27, 2025

Analysis-To weather Trump, emerging market investors look to...

January 27, 2025

Chinese AI startup DeepSeek overtakes ChatGPT on Apple...

January 27, 2025
Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!








    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Kimberly-Clark to buy Kenvue in $48.7 billion deal

      November 3, 2025
    • Barbie, Monopoly toymakers see bright holiday season despite tariff pressure

      October 29, 2025
    • Target is eliminating 1,800 corporate jobs as it looks to reclaim its lost luster

      October 24, 2025
    • X-ray tables, hidden cameras: The tech in rigged poker games linked to the mob and NBA

      October 24, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (661)
    • Stock (6,426)

    Latest News

    • Kimberly-Clark to buy Kenvue in $48.7 billion deal
    • Barbie, Monopoly toymakers see bright holiday season despite tariff pressure

    Popular News

    • UBS dissects the UK economy into 2025
    • Israel stocks higher at close of trade; TA 35 up 0.70%

    About The Significant deals

    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy