Posted by Michael Wonder on 09 Dec 2025
PBS safe, government vows after US-UK medicines deal to increase spending revealed
8 December 2025 - The Federal Government has vowed the PBS is not up for negotiation after it was revealed the UK agreed to a huge spending increase on US medicines in exchange for the removal of tariffs.
Under the US-UK agreement, the UK will be granted zero per cent tariffs on pharmaceutical exports to the US, and will boost its spending on US medicines by 25%.
