NHS 'should be funded by new tax'

09 February 2018

A panel of healthcare experts have called for a dedicated tax to replace National Insurance to fund the NHS.

A report from BBC News talks about a new ring-fenced tax to fund the NHS, which has been proposed by a panel of health experts.

The ten-member panel has said on top of the £4bn extra needed for next year, an additional £2.5bn would be required for both 2019 and 2020. Reportedly one of the issues is that working people over the age of 60 benefit from a significantly reduced National Insurance contribution, and people over 65 do not pay it at all.

In December 2017, the government scrapped proposals to place a limit on the care costs individuals face at £72,500.

You can read more from BBC News.