Philip Hammond reveals extra cash for NHS as growth downgraded

(c) Sky News 2017: <a href="http://news.sky.com/story/philip-hammond-reveals-growth-downgrade-in-budget-11138740">Philip Hammond reveals extra cash for NHS as growth downgraded</a>
 

The Chancellor has announced an emergency cash injection for the "under pressure" NHS, as he revealed economic growth has been revised down for the next five years.

Philip Hammond said the Government would put up an extra £2.8bn for the health service, with £350m provided immediately to help health trusts across the country this winter.

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On the wider economy, the Chancellor revealed growth over the next five years has been downgraded because of poor productivity, which he said "continues to disappoint".

GDP is now expected to grow by 1.5% in 2017 - down from March's 2% forecast - 1.4% in 2018, 1.3% in 2019 and 2020, before experiencing an uptick in 2021 (1.5%) and 2022 (1.6%).

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Pledging to ensure Britain is "fit for the future", Mr Hammond announced he has set aside an extra £3bn to make sure Britain is ready for "every possible outcome" when it comes to Brexit.

There was also action on the controversial Universal Credit welfare reforms, with a £1.5bn package unveiled to cut the waiting time for payments to make it easier for claimants to get an advance.

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