Correct me if I'm wrong, but this appears to be for NHS England only?
I'm sure the devolved Governments of the UK will be really happy to hear that their block grants are getting slashed, but their taxes are being 'gifted' by Westminster for a vanity project which only benefits one part of the country.
That's only a small part of this issue, the £1bn would be better spent on raising the salaries of hard working Paramedics/Nurses who are paid a pittence yet have increasingly demanding jobs.