Jeremy Corbyn: Labour would increase NHS funding by £37bn

Posted On: 
15th May 2017

A Labour government would boost spending on the National Health Service by £37bn over the five years of the next parliament, Jeremy Corbyn will say today.

Jeremy Corbyn with a stethoscope
PA Images

The money includes £10bn capital funding on infrastructure, which would “make sure that NHS buildings and IT systems are fit for the modern day” after a number of trusts fell victim to a cyber attack last week.

The Labour leader will set out his party’s manifesto plans for a “New Deal” for NHS patients in a speech at the Royal College of Nursing later today.

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He will claim the extra investment will allow the health service to cut hospital waiting lists by one million by 2022, guarantee that the four-hour waiting time target to be seen in A&E will be met, and reduce “bed blocking” due to failures in the social care system.

The Conservatives said Labour “can’t deliver” their promises because of their “nonsensical” economic policies.

In his speech, Mr Corbyn will give a scathing assessment of the Conservative record on health care.

“In the past seven years the Tories have driven our National Health Service into crisis,” he will say.

“A&E departments are struggling to cope. Waiting lists are soaring and, and as we saw last week, Tory cuts have exposed patient services to cyberattack. 

“Imagine what would happen to the NHS if the Conservatives under Theresa May were to have another five years in power. It would be unrecognisable: a national health service in name, cut back, broken up and plundered by private corporations.”

He will argue that only Labour can “put the NHS back on its feet”.

“You can’t trust the Tories with our NHS. Labour founded the NHS and we will restore it to good health,” Mr Corbyn will conclude.

Labour has already unveiled its intention to scrap the 1% pay rise cap on NHS workers.

Today’s spending pledges would be paid for by higher corporation tax, more income tax on the top 5% of earners, and a higher insurance premium tax, Labour said.

The Conservatives responded by attacking the opposition’s management of the economy.

A Tory spokesman said: “Jeremy Corbyn can’t deliver any of this because his nonsensical economic policies would damage our economy and mean less money for the NHS, not more. Just look at Wales where Labour cut funding for the NHS.

“We are putting an extra £10bn into the NHS and with strong and stable leadership from Theresa May we will be able to secure the strong economy our NHS needs.”