In a speech today at Labour’s East of England regional conference in Ipswich, Ed Balls has announced that £1bn raised from banks who are fined for manipulating the markers should go to the NHS.
He is calling on George Osborne to include this in his Autumn Statement, due to take place on the 3rd December.
This also comes after many health care professionals said due to funding cuts, “the NHS and our social care services are at breaking point.”
Balls explained his position, saying:
“Under David Cameron, it’s getting harder to see a GP, A&E is in crisis and waiting lists are going up again.
“£3 billion has been wasted on a top-down re-organisation while nurses and frontline staff have been lost. And cancer treatment targets have now been missed for three quarters in a row.
“So in next month’s Autumn Statement George Osborne should use £1 billion of the fines from the banks for an immediate boost to our health service.”
More from LabourList
Blackpool South by-election results: Meet new MP Chris Webb as Labour gain seat
Thurrock election results 2024: Labour wins council in Leave-voting target seat
2024 local election results: Live updates on key races as Labour chalks up wins in Hartlepool, Thurrock and Rushmoor