Kings Fund - NHS providers heading towards unprecedented deficit
Richard Murray, recently commented on the financial reports from NHS regulators.
‘These figures confirm that NHS providers are heading towards an unprecedented end-of-year deficit.
‘The reported overspend of £930 million at the end of the first quarter is more than the deficit for the whole of last year. This reflects a very sharp deterioration in financial performance among all types of providers, with 96 per cent of acute trusts and more than half of mental health trusts now reporting overspends.
‘On this basis, warnings of a deficit of at least £2 billion by the end of the year are well-founded. The government and NHS bodies are already taking urgent measures to reduce spending and find savings from other budgets, but it is inconceivable that an overspend of this magnitude can be covered by the end of the year.
‘Overspending on this scale cannot be attributed to mismanagement or waste among individual trusts. It reflects the impossible task of delivering high-quality care for patients with inadequate funding.
‘These figures follow data recently released showing that A&E departments missed the four-hour waiting time target during August and that waiting times for hospital treatment are close to breaching the government’s preferred target measure.
‘With winter approaching, the health service is facing widespread deficits, rising waiting times and deteriorating staff morale. The government must now acknowledge that the NHS cannot continue to maintain standards of care and balance the books. Unless emergency funding is announced in the forthcoming Spending Review, a rapid and serious decline in patient care is inevitable.’
Notes to editors:
For further information, view http://www.kingsfund.org.uk/publications/financial-failure-nhs or to request an interview, please contact the Press and Public Affairs team on 020 7307 2585 (if calling out of hours, please ring 07584 146035).
The King's Fund is an independent charity working to improve health and health care in England. We help to shape policy and practice through research and analysis; develop individuals, teams and organisations; promote understanding of the health and social care system; and bring people together to learn, share knowledge and debate. Our vision is that the best possible care is available to all.
Latest News from
JRF - New ONS figures reveal inflation rates are at five year high19/10/2017 10:35:00
Ashwin Kumar, Chief Economist at the Joseph Rowntree Foundation, responded to the latest figures from the ONS
IFG - Cycle of crisis, cash and repeat in public services costs government £10bn19/10/2017 09:35:00
The Government is spending over £10bn in five years just to keep troubled services – such as hospitals and prisons – going, according to a new report. Yet this extra money is not sorting out any of the underlying problems these services face.
NIESR: Head of UK Macroeconomic Forecasting reacts to the latest CPI inflation data18/10/2017 13:25:00
NIESR’s Head of UK macroeconomic forecasting, Amit Kara yesterday commented on the latest CPI inflation data.
Policy Exchange - The Clean Growth Strategy: worth the wait?17/10/2017 13:35:00
The Clean Growth Strategy, published last week after long being delayed, signifies a step change in Government thinking and is ambitious in its scope.