Business Standard

UK Treasury chief to put cash into mental health


AP London
Britain's Treasury chief is planning to pour 2 billion pounds (USD 2.5 billion) into mental health services as he delivers his final budget before the country leaves the European Union.
Philip Hammond's infusion is one of the expected highlights of the spending blueprint to be delivered to the House of Commons on Monday.
He's also signalled he intends to increase National Health Service funding by 20 billion pounds a year by 2023 without raising taxes.
But Hammond may not yet be ready to ease the austerity implemented by a series of Conservative-led governments after the global financial crisis despite public pressure to ease the pain now.
He has urged caution, saying plans to increase spending could be thrown off track if Britain fails to secure a Bexit deal that protects trade.

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First Published: Oct 29 2018 | 6:10 PM IST

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