|Management of Resources within the Public Sector|
Table of Contents Executive Summary 1.Introduction 2.Results 2.1 NHS Spending 2.2 Spending Review 2010 2.2.1 Table 1: Department of Health – Spending Review 2010 2.2.2 Efficiency Savings 2.3 Health and Social Care Act 2012 2.4 Funding Freeze 3.Discussion 4.Conclusion 5.References Bibliography 6.Appendices 6.1 Table 1 Department of Health – Spending Review 2010 6.2 Recommendations
Since the â€˜Comprehensive Spending Reviewâ€™ in 2010 the National Health Service (NHS) has experienced significant budgetary constraints. Whilst the UK Government has protected the NHS budget, it is still the tightest funding settlements the NHS has ever experienced. Demand is growing rapidly as the population ages and long-term conditions become more common. Along with more sophisticated and expensive treatment options are becoming available and the cost of medicines is growing by over Â£600m per year.
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This report identifies the decisions made by the British Government to reduce its National Deficit and how this will affect its Public Services. Every finical year the UK runs up a large budget deficit. This is where the UK Government spends more money than it can collect through taxation. In 2010 the UK Coalition Government set out plans for its unavoidable deficit reduction. This was an urgent priority to secure the UKâ€™s economic stability at a time of uncertainty in the global economy. This was to provide long term stability in its public services and its welfare Systems. According to a report published the â€˜Spending Reviewâ€™ (HM Treasury, 2010) the Coalition Government inherited one of the most ambitious and challenging fiscal positions in the world. The (Office of National Statistics, 2014) (ONS) commented that, Britainâ€™s deficit was at its highest ever recorded in peacetime history. The state borrowed one whole pound for every four pounds that it spent. The interest payments on UKâ€™S National Debt cost the UK around Â£45 Billion a year or 3% of â€˜Gross Domestic Productâ€™ (GDP). However, all the major political parties pledged to protect the National Health Service (NHS) from budget cuts in 2010,
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