Pharmacy minister David Mowat announced last week (September 5) that the delay to the planned £170 million cut to funding – originally scheduled for October – was the “right decision”.
Umesh Modi, a partner at accountancy firm Silver Levene, told C+D that although the news is a “welcome reprieve”, he doubted pharmacy owners would rush to make the most of the delay.
“I do not think contractors will go out and recruit more staff or invest in their business, due to continued uncertainty. Why would they?” Mr Modi said last week (September 6).
“What if the outcome of further deliberations over the next few months is worse than what was [initially] proposed?”
Two days after his initial funding announcement, Mr Mowat told a Pharmaceutical Services Negotiating Committee (PSNC) meeting that pharmacy is unlikely to avoid taking on its “share” of the £20 billion in savings required across the NHS.