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Why £8bn is a zombie figure that won't save the NHS

As the former boss of the NHS slams politicians for not addressing the financial 'black hole', will the pledged £8bn merely be used to pump prime further privatisation and cuts? The introduction to a series examining the parties' NHS manifesto pledges.

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The NHS electioneering has so far been dominated by arguments about whether the Tories 'unfunded' £8bn pledge is better than Labour's 'funded' £2.5bn pledge.

But this morning David Nicholson – the old boss of the NHS – weighed into the argument with a bombshell.

He told the BBC that in any case £8bn won’t be nearly enough to save the NHS from entering a period of “managed decline” with ever-lengthening waiting lists.