‘The Prime Minister has pledged an extra £20 billion in funding for the NHS in England by 2023/24, saying this will in part be paid for by the ‘Brexit dividend’.
There is no guaranteed extra money—or ‘Brexit dividend’—as a result of the UK ceasing its contributions to the EU budget after leaving. Other costs associated with leaving are expected to more than offset that saving.
The government also won’t know what the impact of Brexit will be on the public finances until it finalises a deal with the EU.
Any extra funding given to the NHS or any other part of public spending would then need to come from increased taxes (as the Prime Minister also alludes to), increased borrowing, or reducing spending on something else. We’ve looked at the NHS funding pledge in more detail here.
The Health Secretary has also said that if there was any Brexit dividend then any savings “won’t be anything like enough” to fund the NHS commitment.’
See Full Fact analysis in detail.
