If we thought all of the budget nasties were out already with the “granny tax”, we were wrong. Hidden in the budget red book is the news the Osborne has clawed back £500 million from the NHS, and it’s feared the money is going to deficit reduction. Or in other words, that NHS budget looks a little less “protected”. The HSJ reports:
“Figures published in this week’s Budget show that the Department of Health underspent its allocated funding by £900m this year. While £400m will be rolled over for the department to spend in 2012-13, the remaining £500m has been returned to the Treasury.”
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Update: Ed Balls has responded, saying:
“The tax grab on pensioners 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.
“Yet at the same time George Osborne has given a £3 billion tax cut to the richest people in the county – a tax cut worth over £40,000 for the 14,000 people earning over £1 million.
“It tells you everything you need to know about this government that they’re prepared to take money from pensioners and our NHS, while giving a tax cut to the richest people in our country.
“Some people thought the Tories had changed, but with this one Budget we’ve seen their true colours. It’s the same old Tories – a Budget where millions are asked to pay more so millionaires could pay less.”