Funding 90% of the NHS is funded by general taxation. £300 million is from tobacco tax increases.

Slides:



Advertisements
Similar presentations
L11200 Introduction to Macroeconomics 2009/10
Advertisements

Local Authority Funding. How we get out money Block grant – 85% of overall funding Council tax Business / non-domestic rates.
Medicaid Redesign Better for Idaho’s taxpayers, businesses, and patients.
What’s it all about??? How do we compare? Selected Industrial Nations Public Sector Net Debt as a Percentage of GDP (2012)
© Nuffield Trust 29 April 2015 Trends in health spending & productivity Anita Charlesworth, Chief Economist, Nuffield Trust.
The Market for Loanable Funds Chapter 13. The Market for Loanable Funds Financial markets coordinate the economy’s saving and investment in the market.
Board Study Session on Student Services Funding December 7, 2010.
America’s National Debt and Long-Term Outlook An Overview of the Challenge and the Implications for Young People March 2009.
August 27, Our sacred obligation….managing our taxpayers’ money as if it were our own.
© Nuffield Trust The Funding Outlook for Health Anita Charlesworth Chief Economist March 2013 Twitter: #NTSummit.
Saving, Consumption, and Wealth. 2 National Wealth Sum of wealth of all households, firms and the government Accumulation of past saving Stock variable.
Saving and Capital Formation Chapter 9. Saving & Wealth Saving : flow Wealth: stock.
Setting a Context for Medicare Spending
California Budget Sandra M. Emerson. California Budget Prospects General Fund in the red for next five years.
Government spending and taxation Teacher’s please print off the notes to guide you.
Balanced Approach Nova Scotia Budget Submission.
Greater Manchester Devolution 28 July Greater Manchester is “Officially the most exciting place in the UK” The Guardian, February 2015.
1 Chapter 20 Economic Growth and Rising Living Standards.
Government &Tax Policies in 2-Period CE Model Government Expenditures Ricardian Equivalence Capital Market Imperfections Social Security.
Representation to the 2015 Spending Review The Health Foundation September 2015.
Fiscal Policy Fiscal Policy – government policy toward taxing & spending. Federal Budget Prepared annually by the President Approved by Congress Budget.
School Finance 101 Presented by Thomas E. White Michigan School Business Officials October 2004.
Facing America’s Long-Term Budget Challenges Brian Riedl Grover M. Hermann Fellow for Federal Budgetary Affairs The Heritage Foundation.
Philanthropy Gerald Blakely Management 493K. Generosity is on the rise In 1999 Americans gave $190 billion to charities More than half of adults volunteer.
2010 was a busy year for social care policy. Integrate health and social care to create a seamless service….. Elected Local Health Boards ‘working in.
Copyright © 2011 Pearson Education, Inc. Managing Your Money.
Short Description of Range of Steps to Address Fiscal Challenge Cliff Groh Chair, Alaska Common Ground January 7, 2015.
Cutting Deficits Bulgarian Experience Petar Ganev, Bratislava, 2012.
SHARON WARD PENNSYLVANIA BUDGET AND POLICY CENTER EPLC 2008 EDUCATION FINANCE CONFERENCE NOVEMBER 20, 2008 The Coming Storm: Education Funding in a Weakened.
The Economy Ms. Dennis & Mr. Patten Participation in Government.
Anthea Sully Director of the Learning Disability Coalition.
Saving and Investment. Question 1 Assume the economy is open to imports and exports X = $125 million IM = $80 million Budget balance = -$200 million.
© Nuffield Trust 4 July 2012 Future funding scenarios for the NHS and social care in England Adam Roberts Research Analyst
DEATH & TAXES The true toll of tax dodging Exposing the scandal of poverty and challenging systems which make people poor.
Financial Context Spending Gross Annual Budget = £310.6m ( VFM profile - positive) Funding.
Spending on schools Alissa Goodman. What was in the Budget? Additional funding direct to schools £270 million in £440 million in Additional.
The Case for a Cigarette Tax, in One Graphic Ezra Klein Washington Post- June 20, 2013 Presented by Tibu Thomas
Have We Had Austerity? Do We Still Need It?. History of Spending In 2001 – 2007 a record rise in public spending in proportional terms. Funded in Part.
Copyright © 2011 Cengage Learning 26 Saving, Investment, and the Financial System.
Fiscal Policy (Government Spending) Fiscal Policy and Government Spending.
Productivity in English hospitals Health Foundation analysis February 2016.
What would you buy if you had… $1 million? $1 billion? $17 trillion?
 State budget $3 billion dollar deficit  30% shortfall for upcoming year  Temporary sales tax results in approximately $1 billion saved  Cuts.
NHS Reforms George Meyer, Simon Wasley & Matthew Taylor.
2.6 Aggregate Demand and the Level of Economic Activity What happens to a snowball as you continue to roll it?
Patterns of Household Expenditure. ArnoldBlackCowanDavisEdwards Annual Income15,00030,00045,00060,00075,000 Necessities15,00025,00032,00036,00040,000.
NATIONAL CENTER FOR THE STUDY OF COLLECTIVE BARGAINING IN HIGHER EDUCATION AND THE PROFESSIONS Institutional Collaboration in Times of Fiscal Crisis Patrick.
FISCAL POLICY uGuGOVERNMENT POLICY ON TAXATION AND SPENDING uCuChanges AD (G and C) uUuUsing government spending and taxes as tools to cause business.
Facing America’s Long-Term Budget Challenges Brian Riedl Grover M. Hermann Fellow for Federal Budgetary Affairs The Heritage Foundation June 19, 2006.
TOTAL 2017 OPERATIONS GRANT FUNDING = $1.35B
Adam Roberts and Toby Watt
What is Happening to The US Fiscal Deficit and National Debt?
Saving & Investment in National Income Accounts
Funding a low-carbon energy system: a fairer approach
Securing the future Funding health and social care to the 2030s
If the MPC is .90 and the government spends $400 Billion dollars, what is the multiplied effect on GDP? 1/1-MPC = 10; $400/10 = $4,000 Billion.
You are about to be presented with a series of charts.
Change in Average Annual Family Health Spending Under Path Proposal Compared with Projected Without Reforms: Average Savings per Family Average Savings.
Key Points From CBO Analysis of American Health Care Act (AHCA)
Preliminary 2015–17 Operating Budget Outlook
Monetarist’s take on Fiscal Policy
America’s financial literacy
Managing Your Money Copyright © 2011 Pearson Education, Inc.
Octorara Area School District
President Bush’s Health Plan
Saving, Investment, and the Financial System
CRESTWOOD LOCAL SCHOOL DISTRICT FIVE YEAR FORECAST
Fiscal Policy.
Ministry of Health of the Republic of Uzbekistan
Board Study Session on Student Services Funding
Presentation transcript:

Funding 90% of the NHS is funded by general taxation. £300 million is from tobacco tax increases

Budget The NHS budget for 2004–05 was £69.7 billion, rising to £76.4 billion in 2005–06 and was £92.6 billion in 2007–08. Despite the increased resources, the NHS reported an overall deficit of £251 million (including Foundation Trusts) in 2004–05. In 2005–06, the overall deficit increased to £570 million.

In 1999 each household paid on average £1,850 per year towards health spending In 2004 this has increased to £2,800 on average. The NHS is having to make savings of up to £20 billion over the next four years However the BBC states that funding will rise from £10bn to £114bn over the next four years - the equivalent of a 0.1% a year hike in real terms