The NHS is being pushed to financial ruin

The past five years have seen the smallest increase in health spending (0.8%) over any parliament since the second world war. At the same time, there’s been an annual increase in demand and cost pressures of between 4 to 5%. Two years ago, a quarter of hospitals in England recorded deficits. Last year this rose to one half. This year, three-quarters of hospitals are running deficits, while 90% expect to be in deficit by the end of the year. The Chair of St George’s Trust in London says that, to avoid wide scale financial collapse, the NHS needs at least an extra £4 billion a year, from next April. The government has promised £8 billion between now and 2020.

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