Monday, 23 May 2016

NHS in England reveals £2.45bn record deficit

NHS in England reveals £2.45bn record deficit NHS financial experts say true scale of overspend is even higher but has been hidden by use of ‘accounting tricks’

The NHS in England has run up a record deficit of £2.45bn – the biggest overspend in its history – as it struggles to cope with a surge in demand for care while suffering a major budget squeeze.

Official figures released on Friday by NHS Improvement showed that NHS trusts in England, which predominantly run hospitals, ended the 2015-16 financial year £461m worse than the organisation had forecast. The combined deficit is almost three times bigger than the £822m overspend incurred the year before, and more than 20 times the size of the £115m deficit as recently as 2013-14. Continue reading... The Guardian

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