Chancellor Rachel Reeves delivered her spending review on 11th June 2025, and the healthcare sector is expected to benefit massively from the increase in spending. The NHS is likely to experience a major boost in annual funding, which should help reduce waiting times and modernise services across the country for better patient experience.
NHS Funding Boost
Rachel Reeves announced an extra £29 billion funding boost for the NHS in her spending review yesterday. The new investment includes up to £10 billion on technology and digital transformation, as well as funding training for ‘thousands more GPs’.
This funding boost is expected to revitalise the NHS, helping to reduce waiting times, modernise services, and increase patient ease, experience, and care.
Scott Sanderson, Healthcare sector expert at Hawsons Chartered Accountants stated:
“This increase in spending is a vital step towards a more modern and efficient NHS, which after years of underfunding and inefficiencies is much needed. The additional funding should ease pressure on services, improve patient access and support long-term transformation. It marks a much-needed shift towards a more responsive healthcare system which provides a better experience for users of primary care services.
Unfortunately for those in the social care sector the spending review did little ease the financial pressures facing the sector. Prior to the spending review there was speculation about additional funding being directed here but that is not clear from the information in the public domain as yet.”
The Need for More GPs
NHS waiting times have risen sharply over the past 5 years. Pre-COVID, the average wait time stood at 6.9 weeks. As of June 2025, that figure had nearly doubled to 13.3 weeks – but is an improvement on the 14+ weeks recorded in 2024.
By committing an additional £29 billion to NHS funding, including £10 billion allocated for training new GPs, and upgrading the digital infrastructure in the NHS, the government are hoping to see a decline in waiting times. GPs are responsible for approximately 90% of all NHS patient contact, so expanding the workforce is essential. More GPs will increase appointment availability, enable earlier interventions, and help prevent minor issues from escalating into more serious conditions. Combine this with the digital infrastructure improvements, including things like the NHS app, these investments are expected to bring both short, and long-term improvements to the NHS, and to patient access and care quality.
Healthcare Accountants
At Hawsons Chartered Accountants, we have extensive experience advising a wide range of healthcare and medical businesses — from GP practices and dental clinics to care homes and private consultants. Our specialist team understands the unique financial, regulatory, and operational challenges facing the sector, and we're here to help you navigate them with confidence. Contact our healthcare sector specialists to see how we can support your organisation.
How can we help?
At Hawsons our dedicated team of specialist accountants and tax advisors offer a wealth of experience in the care sector including residential homes, nursing homes and other specialist care services.
Our in-depth knowledge and understanding of the sector is applied and we work closely with our clients, ensuring that changes in the care sector are recognised promptly and appropriate strategies implemented and actions taken. We recognise that no two homes are the same.
Scott Sanderson
Partner
Free initial meeting
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