Lib Dems penny in the pound for NHS would raise £19.8 million extra for Richmond

Tim Farron, Lib Dem leader, has announced the Lib Dems would plug funding gaps for the NHS and social care by putting a penny on income tax, in the Lib Dems first major manifesto commitment of the election campaign.

The tax would raise over £12million for the NHS in Richmond and £7.8 million for social care each year.

This is the party’s flagship spending commitment and its first major policy announcement for the election. The Liberal Democrats manifesto will also set out a ‘five-point recovery plan’ for NHS and social care services in their manifesto.

At least 70% of Brits would pay extra 1p tax in the pound if it went to NHS, an ITV poll found last October. [LINK]

Tim Farron said:

“Health and care services across the UK are in crisis, stretched to breaking point by the Conservatives' cuts. We are seeing patients lying on trolleys in hospital corridors, urgent operations being cancelled and the elderly being denied the care they need.

Only the Liberal Democrats are prepared to be honest with people and say that to secure the future of our NHS we will all need to chip in a little more. A penny in the pound would allow us to invest in improving local NHS services and ensuring the elderly receive the care they deserve.’’

The Liberal Democrats manifesto set out a ‘five-point recovery plan’ for NHS and social care services. This will include a 1% rise on the basic, higher, additional and dividend rates of income tax in the next financial year raising around £6bn per year, which will be ringfenced to be spent on NHS and care services and public health.

A regional breakdown of how the £6bn would be distributed, based on current funding allocations for both the NHS and social care, can be found here. It shows an additional £12m for the NHS in Richmond and £7.8million for social care. 

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