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UK pledges extra $2 billion NHS spend to avert Trump tariffs, FT says

UK pledges extra $2 billion NHS spend to avert Trump tariffs, FT says

A National Health Service London ambulance drives in London, Britain, January 24, 2017. REUTERS/Toby Melville

Britain has promised the United States that spending on National Health Service (NHS) medicines will rise by 1.5 billion pounds ($2 billion) over the next three years, the Financial Times said on Thursday.

The pledge is part of a deal to win exemption from drug import levies threatened by U.S. President Donald Trump, that aims to boost such spending to 0.35% of GDP from 0.3% by the end of 2028, the paper said, citing people familiar with the deal.

Reuters could not immediately verify the report.

($1=0.7482 pounds)

(Reporting by Mrinmay Dey)

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