Streeting rules out VAT on private healthcare

Health Secretary Wes Streeting has confirmed that there will be no VAT introduced on private healthcare in the upcoming Budget, despite previous consideration by the Treasury. Chancellor Rachel Reeves may still face questions about potential tax hikes, including VAT, to meet borrowing rules for public services. The government is exploring options to increase revenue, potentially through broader VAT application, as part of addressing economic challenges and ensuring financial stability.