Autumn Statement 2023

Key points from the 2023 Autumn Statement that impact health and care.

22 November 2023

Chancellor Jeremy Hunt has announced the government's Autumn Statement 2023. Here we summarise the areas that impact the NHS and its workforce.

Key points for the health and care workforce

  • The main rate of employee National Insurance contributions will be cut from 12 to 10 per cent, with legislation being passed to introduce this from 6 January 2024.
  • Employer National Insurance relief will be extended for employers of veterans for one year from April 2024. 
  • The National Living Wage will rise to £11.44 from April 2024 and will be extended to 21 and 22 year-olds for the first time.
  • From April 2024, Universal Credit will increase by 6.7 per cent.  

Further information

Read the NHS Confederation's media response and member briefing, with summary and analysis of the announcements that impact health and care. 

You can read the Autumn Statement 2023 report in full on the website.