NHS sinks into £7bn cash crisis as inflation and strikes bite

The NHS is heading into an unprecedented financial crisis and will overspend its budget by at least £7bn next year as the effects of inflation and strikes plunge hospital trusts into alarming levels of debt, according to leading independent experts. The problem of soaring deficits is hitting a growing number of trusts across England ahead of a likely general election within 12 months, and will raise further serious doubts about Rishi Sunak’s chances of meeting his pledge to cut record waiting lists. In a sign of the extreme pressures, the Manchester Integrated Care System, bringing together trusts and other healthcare providers in Greater Manchester, has brought in Stephen Hay, a troubleshooter from PricewaterhouseCoopers who formerly worked in the NHS, to help sort out its disastrous financial position.

https://www.theguardian.com/society/2023/sep/17/nhs-sinks-into-7bn-cash-crisis-as-inflation-and-strikes-bite

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