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Morning Wrap: today's top business stories

News stories from around the web.

UK kicks off £3bn Royal Mail privatisation (FT)

The UK government set the price range for the flotation of Royal Mail on Friday as postal service workers prepared to vote on industrial action.

Help to Buy: Osborne asks Bank of England to keep closer watch (BBC)

Chancellor George Osborne has asked the Bank of England to take a bigger role in ensuring his Help to Buy housing scheme does not fuel a property boom.

Pound rises after Bank of England Governor Mark Carney sees no need for more QE (Telegraph)

Mark Carney, the Bank of England Governor, sees no need for more stimulus for the economy given the gathering pace of the recovery, sending the pound higher.

North-South divide in house prices, says Nationwide (BBC)

The gap between house prices in northern and southern England has moved above £100,000 for the first time, according to the Nationwide.

North-south house price divide widest ever at over £100,000 (Telegraph)

The average southern home is now worth 74pc more than its northern equivalent.

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Is anyone prepared to solve the NHS funding crisis?

As long as the political taboo on raising taxes endures, the service will be in financial peril. 

It has long been clear that the NHS is in financial ill-health. But today's figures, conveniently delayed until after the Conservative conference, are still stunningly bad. The service ran a deficit of £930m between April and June (greater than the £820m recorded for the whole of the 2014/15 financial year) and is on course for a shortfall of at least £2bn this year - its worst position for a generation. 

Though often described as having been shielded from austerity, owing to its ring-fenced budget, the NHS is enduring the toughest spending settlement in its history. Since 1950, health spending has grown at an average annual rate of 4 per cent, but over the last parliament it rose by just 0.5 per cent. An ageing population, rising treatment costs and the social care crisis all mean that the NHS has to run merely to stand still. The Tories have pledged to provide £10bn more for the service but this still leaves £20bn of efficiency savings required. 

Speculation is now turning to whether George Osborne will provide an emergency injection of funds in the Autumn Statement on 25 November. But the long-term question is whether anyone is prepared to offer a sustainable solution to the crisis. Health experts argue that only a rise in general taxation (income tax, VAT, national insurance), patient charges or a hypothecated "health tax" will secure the future of a universal, high-quality service. But the political taboo against increasing taxes on all but the richest means no politician has ventured into this territory. Shadow health secretary Heidi Alexander has today called for the government to "find money urgently to get through the coming winter months". But the bigger question is whether, under Jeremy Corbyn, Labour is prepared to go beyond sticking-plaster solutions. 

George Eaton is political editor of the New Statesman.