NHS funds £0.5bn 'clawback'
The Treasury has been accused of failing to publicly disclose its plans to claw back £500m that was allocated for health spending this year. Ed Balls said that the "tax grab" on pensioners, referred to in the media as the 'granny tax', was "not the only hidden bombshell in the budget. David Cameron and George Osborne have silently taken half a billion pounds from the National Health Service". Figures published in the Budget show the Department of Health underspent its allocation by £900m this year and whilst £400m will be rolled over into this year's budget, the remaining £500m will be returned to the Treasury.