Would you pay more tax to save the NHS?
This is Money Podcast
This is Money
4.4 • 734 Ratings
🗓️ 22 June 2018
⏱️ 46 minutes
🧾️ Download transcript
Summary
The National Health Service is 70 years old this year and most of us are proud of the British institution, leaning on it in our times of need.
However, we’re living longer with more complex problems and the service keeps crying out that it needs more money.
Where does it come from? Do we make cost-cuttings or plough lots of money in, do we increase income tax, make the rich pay, or introduce a new special ring-fenced tax?
Theresa May announced plans for £20.5billion-a-year cash boost – but was a little short on the detail. She hinted at tax rises and mentioned a ‘Brexit dividend’.
This is Money editor Simon Lambert, along with consumer affairs editor Lee Boyce and presenter Georgie Frost look at ways to fix the NHS in the latest podcast.
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Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen Crane
Producer: Georgie Frost
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Transcript
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| 0:00.0 | Welcome to This Is Money Podcast in partnership with NS&I. I'm your host, Georgie Frost, |
| 0:06.3 | and alongside editor Simon Lambert Knight today is Consumer Affairs editor Lee Boyce. |
| 0:11.0 | And coming up, more money for the NHS. But where should it come from? |
| 0:15.0 | Cutting costs, tax rises, Brexit dividends? Also today, where you can still get good returns |
| 0:20.6 | on buy-to-let, |
| 0:22.1 | why drivers outside of London should care about the capital's lower mission plans, |
| 0:27.1 | and could travelling like a Premier League star be the answer to the current rail chaos. |
| 0:32.2 | Don't forget you step up to date with all the latest breaking money news. |
| 0:35.0 | Just go to this ismoney.co.uk or download the app. |
| 0:39.8 | This is Money, brought to you in partnership with NS&I, where safer savings set you free. |
| 0:47.0 | But first, the NHS is 70 years old this year, and boy could it do with a birthday present. |
| 0:52.6 | We're living longer with more complex |
| 0:54.3 | issues and the service needs more cash. We'll step up to Reza May with plans for a 20.5 billion |
| 1:01.3 | a year cash boost. But where will that money come from? That's another thing where it goes. |
| 1:07.9 | Well that's probably a little bit outside the remit of this podcast. So do we make cost cuttings? Do we plough lots more money in? Do we increase income tax, |
| 1:15.6 | make the rich pay more, or introduce a new special ring fence tax? And what about a Brexit |
| 1:22.3 | dividend? Is the Boris bus back? So firstly, a very warm welcome to you both. Problems with the NHS. Why is |
| 1:30.1 | everybody talking about this? Simon? Because the NHS is expensive and the NHS is getting more |
| 1:35.9 | expensive with every year that passes because the population is getting older. And while they may be |
| 1:41.4 | wiser, are more expensive to treat because they tend to have |
| 1:46.5 | more health problems, the longer people live. |
| 1:49.0 | In fact, many of the successes that we have had in keeping people alive are very expensive. |
... |
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