NHS spending to strain public finances for next 50 years, OBR warns
by Phillip Inman from on (#3V1DM)
Extra health funding for an ageing population will add to deficit, watchdog forecasts
Extra health spending and a population that is ageing faster than previously expected will add to the burden of spending over the next 50 years, according to the Treasury's independent forecaster.
The 20bn boost to the health budget by 2021-22 promised by Theresa May, coupled with falling immigration - which will cut the number of young and working-age people - will increase the public deficit unless the government moves to increase taxes or take other measures to reduce spending, the Office for Budget Responsibility (OBR) said.
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