Looking back to the election and the promises that were made we have seen the Conservatives keep their word, well at least when it comes to NHS funding. The NHS will see real term increase in funding under the new government.
Although these real term increases will provide greater funding for the NHS it will still be expected to make £15-£20 billion worth of savings over the next 5 years. Following the confirmation of the requirement of the NHS to find such savings the King’s Fund has made it clear such funding pressures could make it difficult for the service to meet the required maximum waiting times for treatment.
Although Cameron has kept his word on the NHS Funding, not so much can be said for the increase in National Insurance Contributions, there are mixed opinions on his stance and it will be interesting to see events unfold. We will also see the default retirement age being phased out and unsurprisingly there is going to be a review of the state pension start age which is set to rise to 66, with men seeing this rise taking place no sooner than 2016 and 2020 for women.
There are lots of changes to come and we can only wait and see what the future has in store. If you want to discuss protecting your future, whether it be your health or your income, let us know, we are here to help.
