In response, the Government is reportedly set to agree to a three per cent a year funding increase for the health service, potentially for up to 10 years. The National Health Service celebrates 70 years of existence on July 5. However, if analysts are to be believed, the NHS is facing its greatest funding crisis yet. That would also require an immediate, short-term increase of around four per cent. Emergency cash injections are no longer enough, with modernisation… Yet a report this week from two think tanks, the Institute for Fiscal Studies and the Health Foundation, has found that annual increases of 3.3 per cent would be needed just for the NHS to tread water, even in its overextended state.