Annual funding for the NHS is falling ever further behind increases in activity costs. The government’s promise in 2015 of an additional “£8bn” assumed heroic savings of £22bn over a five year parliament, which health policy experts think unattainable. The NHS now has the biggest deficit in its history.
Topic for Melting Pot Lunch 7, October 2016 No. Instead introduce a ‘participation income’. This is a taxable income transfer to all those who participate in society. Participation is broadly defined, including those who work but also those who care for children or the elderly and can include those who volunteer.
Let’s assume we want to spend ~£55 billion on this participation income, leaving around £45 billion for the NHS. The value of the participation income will be £1,200 per year (~£50 per week) for every adult and every child. This still leaves £5 billion to spend on administration.