To support the National Health Service to deliver for patients across the country, the Government has announced a new five-year budget settlement for the NHS, which will see funding grow on average by 3.4% in real terms each year. This will mean the NHS budget will increase by over £20 billion in real terms by 2023-24 compared with today. This additional funding will underpin a 10-year plan to guarantee the future of the NHS for the long term. Decisions have not yet been taken on the share of funds to be allocated to individual NHS organisations. The plan will set a vision for the health service and ensure every penny is well spent, which will then inform local allocations.