NHS trusts in England have racked up a £930m deficit in the first three months of the financial year – that is more than the entire overspend last year.
Regulators said the problems were the “worst for a generation” and demanded immediate action be taken.
The scale of the deficits – eight in 10 trusts are in the red – also prompted warnings that care would suffer.
The accounts cover hospital, mental health, ambulance and some community services.
Between them they account for about two-thirds of the NHS’s £116bn budget – with the rest going on other areas including GPs, drug prescribing and training.
Last year, NHS trusts overspent by £822m – with the health service as a whole balancing the books only after a cash injection from the Treasury and by raiding the capital budget earmarked for buildings.
Let’s all bear in mind that these huge losses have been racked up after the Conservative-led Coalition Government forced its Health and Social Care Act 2012 into law, allowing private health companies to raid the public purse while providing cut-price services.
At the time, there was a huge controversy over the then-government’s refusal to publish a risk assessment document detailing possible serious problems facing the NHS in England if the Tories went ahead with their plan.
Was this financial disaster predicted in that document? If so, it seems only fair that the public should have been told.
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