Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Morgan Stanley to convert $10 billion in Eaton Vance muni funds to ETFs
    • Mutual Fund Summit Live: Navneet Munot, Nilesh Shah, Radhika Gupta to address the event shortly
    • Multi-Asset vs Flexi-Cap Funds: Risk, returns, tax—5 key differences to know
    • Morgan Stanley Converts $10 Billion Municipal Bond Mutual Funds to ETFs Amid Market Volatility
    • He Retired With No Paycheck and Planned His Roth Conversion Around an Empty Tax Bracket. In December, His Mutual Funds Filled It.
    • Spot Bitcoin ETFs Bleed $450M After Senate Blocks CLARITY, Biggest Outflow Since June
    • Bitcoin ETFs Are Coming Off Their Best 3-Week Stretch of the Year. What’s Next for Bitcoin?
    • Binance Adds 11 US Treasury and Bond ETFs to Binance Earn Wealth Management Service
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Rachel Reeves urged to ringfence NHS funding on illness prevention | Health policy
    Funds

    Rachel Reeves urged to ringfence NHS funding on illness prevention | Health policy

    October 20, 2024


    Rachel Reeves is being urged to use next week’s budget to ringfence health spending on prevention so it is protected from cuts when money is tight.

    A letter sent to the chancellor by a leading health charity, thinktanks and the body that represents accountants says carving out a new category of preventive spending would mean a healthier population and save the NHS money.

    The letter, seen by the Guardian, welcomes Labour’s emphasis on prevention but says there has been a long history of previous administrations making similar pledges only for services that affect health outcomes to become a casualty of pressures on day-to-day budgets and a victim of short-term thinking.

    Analysis by the Health Foundation – one of the signatories to the letter – showed that in the five years leading up to the pandemic (2014-19) spending on hospitals rose by 10%. The share of health spending devoted to prevention fell by 10% during that period.

    Anita Charlesworth, the Health Foundation’s chief economist, said there needed to be a shift “so we are spending more on prevention and less of failure”.

    Charlesworth said that a report by the independent Office for Budget Responsibility on the fiscal risks facing the UK had found that extra spending on prevention would lead to increased spending on the state pension but higher tax revenues, lower spending on welfare and less pressure on the NHS budget.

    “A healthier population would be really beneficial to the public finances,” she said.

    The letter, also signed by the thinktank Demos, the Institute for Government and the accountants’ body Cipfa, says public policy “is littered with examples of prevention spending being cut to provide short-term funding to patch up frontline services, and there is too little incentive to invest in services that deliver long-term benefits”.

    It cites evidence from the record of the Conservative governments after 2010, which cut spending on youth services and the Sure Start scheme for families with children under five despite evidence that they were having good long-term effects. Research by the IfG found that local authority spending on these services was cut by more than three-quarters between 2009 and 2023, while spending on looked-after children and safeguarding services rose by more than half over the same period.

    “Current fiscal frameworks do not distinguish between spending on acute services and prevention, despite the evidence that investment in prevention can deliver a greater long-term return,” the letter says.

    “Given the significant pressures on the public finances, the risk is that prevention spending will continue to be squeezed out in favour of meeting short term needs, undermining the government’s commitment to taking a long-term, prevention-led approach to improving public services.”

    Reeves has made clear that she intends to change the rules governing the public finances to allow her to borrow more to invest in capital projects, a move designed to deliver stronger growth.

    skip past newsletter promotion

    Sign up to Business Today

    Get set for the working day – we’ll point you to all the business news and analysis you need every morning

    Privacy Notice: Newsletters may contain info about charities, online ads, and content funded by outside parties. For more information see our Privacy Policy. We use Google reCaptcha to protect our website and the Google Privacy Policy and Terms of Service apply.

    after newsletter promotion

    All Whitehall ministries are given departmental expenditure limits by the Treasury, but the letter calls for a new category of spending – preventive departmental expenditure limits – in which prevention would sit alongside day-to-day spending and capital investment, enabling the government to identify and track spending.

    “Strengthening the fiscal framework would enable the Treasury to better hold government departments to account for long term investment in prevention, and support mission-driven government by ensuring that this money is used to transform services”, the letter says. “Without this, we fear the government’s good intentions to promote prevention may once again fall by the wayside.”

    A Department of Health and Social Care spokesperson said: “Our 10-year health plan will reform the NHS by shifting its focus from sickness to prevention.

    “We’re introducing measures to ban junk food adverts targeted at children, as well as new NHS health checks to catch health problems earlier and prevent them worsening.

    “Our tobacco and vapes bill will stop future generations from becoming hooked on nicotine and finally make Britain smoke-free.”



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Focused funds stay on fringes despite MF boom – Market News

    September 14, 2026

    Investors pull money from equity funds as rising oil prices fuel inflation fears

    September 11, 2026

    Private equity funds to buy as the sector bounces back

    September 11, 2026
    Leave A Reply Cancel Reply

    Top Posts

    SIP returns in last 3 yrs remain lacklustre even as inflows hit new high

    September 15, 2026

    Morgan Stanley Converts $10 Billion Municipal Bond Mutual Funds to ETFs Amid Market Volatility

    September 16, 2026

    CPP Investments and Brookfield launch $50 billion Maple Fund to pursue large-scale investments across Canada – Company Announcement

    September 15, 2026

    Spot Bitcoin ETFs Bleed $450M After Senate Blocks CLARITY, Biggest Outflow Since June

    September 16, 2026
    Don't Miss
    Mutual Funds

    Morgan Stanley to convert $10 billion in Eaton Vance muni funds to ETFs

    September 16, 2026

    Morgan Stanley filed to convert $10 billion of Eaton Vance state municipal bond funds, now…

    Mutual Fund Summit Live: Navneet Munot, Nilesh Shah, Radhika Gupta to address the event shortly

    September 16, 2026

    Multi-Asset vs Flexi-Cap Funds: Risk, returns, tax—5 key differences to know

    September 16, 2026

    Morgan Stanley Converts $10 Billion Municipal Bond Mutual Funds to ETFs Amid Market Volatility

    September 16, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Newtown Sip & Suds Fundraiser To Celebrate A Special Connection

    October 30, 2024

    ‘This is not political’: Trump admin warns California, Washington and New Mexico of lost federal funds over ‘trucker English rules’ | World News

    August 26, 2025

    Aditya Birla Sun Life AMC SIF Aims To Bridge The Gap Between Mutual Funds and PMS

    March 18, 2026
    Our Picks

    Morgan Stanley to convert $10 billion in Eaton Vance muni funds to ETFs

    September 16, 2026

    Mutual Fund Summit Live: Navneet Munot, Nilesh Shah, Radhika Gupta to address the event shortly

    September 16, 2026

    Multi-Asset vs Flexi-Cap Funds: Risk, returns, tax—5 key differences to know

    September 16, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    🇮🇸 CPP Investments and Equinix complete atNorth acquisition to support growth of leading Nordic data center platform

    September 1, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.