“Each year the Chancellor of the Exchequer makes the Budget statement to the House of Commons outlining the state of the economy and the Government’s proposals for changes to taxation. The House of Commons debates the Budget and scrutinises the subsequent Finance Bill, which enacts the Chancellor’s proposals.
The Budget, or Financial Statement, is a statement made to the House of Commons by the Chancellor of the Exchequer on the nation’s finances and the Government’s proposals for changes to taxation. The Budget also includes forecasts for the economy by the Office for Budget Responsibility (OBR).” www.parliment.co.uk
£2bn commited to NHS mental health services
There is good news for the NHS and people experiencing mental health difficulties in the UK after Budget 2018. The government have just revealed that £2bn has been committed to the NHS which will help cut down on the high waiting times and the delivery of services for people needing support for their mental health problems. The extra money will also provide much-needed help for the already overstretched and underfunded crisis teams and children and young people’s services.
Zero-interest loans of up to £800
The Government also proposed zero-interest loans with no credit checks for people on low incomes, based on Australia’s Good Shepherd Scheme. These loans are aimed at people on low incomes and will also be helpful to people experiencing mental health difficulties who are in and out of employment or in part-time work to cope with the unexpected emergencies of life, such as needing a new washing machine, cooker or dealing with any unexpected bills that can arise.
As well as the above, £1bn is also being invested in the rollout of the controversial Universal Credit. It is unclear as to how this will help an already flawed system, but at least it is something.
The spending on mental health services still falls short of the budget for physical health. However, steps in the right direction are being made and hopefully the much-needed money committed to the NHS will go a long way to improving mental health services and help relieve the hard-working, overstretched and underfunded mental health workers who are doing their best to provide people with the help they need.
For more information: https://www.moneyandmentalhealth.org/autumn-budget-2018/