Monday, 4 May 2015

Lib Dems to invest £227m on life-saving health equipment

Liberal Democrats will use the £227m fine imposed on Deutsche Bank for rigging the Libor rate to fund investment in lifesaving health equipment.

The party will use the money to upgrade and replace high value NHS machines, including CT scanners and MRI scanners, to help diagnose and treat patients faster.

This funding is in addition to the £8bn-a-year extra funding the Liberal Democrats will make available to the NHS – a party ‘red line’ in any coalition negotiations.

We will also give part of the money to air ambulance charities funds to buy additional helicopters, provide 24/7 emergency cover and upgrade helipads.

We would split the one-off Libor fine in the following way:

  • £177m on a major equipment fund to better treat and diagnose serious conditions, like cancer and strokes.
  • This works out at £148m for England, £15m for Scotland, £8.6m for Wales and £5m for Northern Ireland.
  • £50m divided between the 20 air ambulance trusts in the country.

Deputy Prime Minister Nick Clegg said:
“Investing in new equipment for hospitals will drastically improve patient outcomes and save thousands of lives a year. 
“This additional investment in our health service further illustrates the Liberal Democrat’s commitment to the NHS. 
“We are the only party to commit to the £8bn-a-year extra the health service needs and this money will further help patients get the treatment they deserve. 
“When banks are fined it is only right we use the money to improve vital public services and fund the organisations that do so much to build a fairer society.”