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Healthcare spending reaches record levels in 2024: ONS

by Emma Simon
April 30, 2025
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Healthcare spending in the UK looks likely to have reached record levels in 2024,  according to provisional data from the Office of National Statistics. 

Figures published today show total healthcare expenditure grew by 6.5 per cent in nominal terms between 2023 and 2024, and after adjusting for inflation grew 2.4 per cent in real terms. 

Provisional estimates indicate that nominal UK healthcare expenditure was approximately £317bin in 2024. Government-financed healthcare makes up most healthcare spending in the UK and was £258bn in 2024, a real-terms increase of 2.5 per cent from 2023.

The onset of the pandemic had a substantial impact on government healthcare spending between 2020 and 2022. 

This was especially true of preventive care spending, which went from representing 4.5 per cent of government healthcare expenditure in 2019 to a peak of 14.1 per cent in 2021, primarily because of the establishment of programmes responding to the pandemic, such as the rollout of vaccinations and early disease prevention programmes. 

In 2023, the share of preventive care had fallen back to 5.2 per cent, closer to the pre-pandemic period, although still higher.

Broadstone head of health and protection Brett Hill says: “Today’s data illustrates that while healthcare is increasingly taking up a bigger slice of the Government’s budget the real terms increase of 2.5 per centis well below the long-term historical average.”

“As the UK population continues to age, and as levels of obesity and diabetes continue to increase among the population, current levels of healthcare spending will be insufficient to meet the future needs of the population.

“With the NHS still tackling a logjam of over 7m people waiting for treatment, and record levels of public dissatisfaction with GP services, it is clear that the UK’s healthcare model has to change, not just with additional funding sources, but with a greater role for the private sector and an increased focus on primary and preventative healthcare.

“With rising economic inactivity due to long-term sickness, workplace healthcare has become a board room conversation, and employers increasingly recognise they have to invest in healthcare benefits and preventative care, such as private medical insurance, health cash plans or even on-site GP access, to keep their staff happy, healthy and productive.”

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