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Chancellor Rishi Sunak is to announce an extra £3bn for the NHS – but has warned that people will soon see an “economic shock laid bare” as the country deals with the Covid pandemic.

The one-year funding will be pledged in the Spending Review on Wednesday.

But Mr Sunak said Covid’s impact on the economy must be paid for – and high levels of borrowing could not go on indefinitely.

Borrowing in October hit £22.3bn, with public sector debt over £2 trillion.

The NHS usually gets extra money to tide it through the winter months but on a much more modest scale, with £700m in 2014/15 the highest payout of the last 10 years.

The Treasury said the £3bn package for the NHS would help tackle backlogs in the health service, with thousands of treatments and operations delayed because of the pandemic.

The number of people waiting a year for treatment has risen from about 1,500 in February to 140,000 in September.

The extra funding only applies to England but Scotland, Wales and Northern Ireland will receive equivalent funding.

Read the full story on BBC.COM

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Chancellor Rishi Sunak is to announce an extra £3bn for the NHS – but has warned that people will soon see an “economic shock laid bare” as the country deals with the Covid pandemic.Chancellor Rishi Sunak is to announce an extra £3bn for the NHS – but has warned that people will soon see an “economic shock laid bare” as the country deals with the Covid pandemic.Chancellor Rishi Sunak is to announce an extra £3bn for the NHS – but has warned that people will soon see an “economic shock laid bare” as the country deals with the Covid pandemic.Chancellor Rishi Sunak is to announce an extra £3bn for the NHS – but has warned that people will soon see an “economic shock laid bare” as the country deals with the Covid pandemic.