By Paul Gallagher in iNews.
A new ring-fenced NHS tax funded by a rise in national insurance could raise up to £16 billion over the next five years and help solve the financial crisis in the health service, an influential think thank has said. The Institute of Public Policy Research (IPPR) said the money should be channelled through the sustainability and transformation plan (STP) fund as NHS England carries out reforms to prevent a funding gap of more than £22bn by 2021.
It wants the government to create a new hypothecated NHS tax by raising income tax and national insurance for the highest paid and reform pensions tax relief to deliver a £3bn a year cash boost to social care. The think tank’s report, STPs: What? Why? and Where Next?, also says health powers should be devolved to the 44 NHS England regions that have drawn up STPs to make the reforms work.
To read the rest of this story, click on the link below: