Hospital trusts £270m in debt
Sunday 09 October 2011
Cash-strapped hospitals owe the Department of Health (DoH) more than a quarter of a billion pounds after taking on emergency loans to help them to balance their books.
More than 60 hospital trusts have borrowed a total of £1bn in "working capital loans" from the DoH since they were introduced in 2007, figures obtained from the department reveal.
But half of them so far have failed to pay off the full amount, and the total outstanding debt now stands at almost £270m.
The details emerged after Health Secretary Andrew Lansley claimed 22 hospitals had told his department that the payments on their private finance initiative projects were so large that they were "putting their clinical and financial sustainability at risk".
The Government's Health and Social Care Bill gets its second reading in the Lords this week.
Life & Style blogs
Men in tights: getting to the bottom of the latest trend
Snapchat removed the Best Friends list feature and 'stalkers' are upset
Night Nurse could put drivers over new drug limit
Stephen Hawking: NHS is Britain's finest public service and must be preserved from commercial interests
Baldness could soon be treated using stem cells, scientists hope
- 1 Venezuela Expo Tattoo 2015: Extreme body art from 'Vampire Woman' to 109mm earlobes
- 3 Ball pool for adults opens in London
- 4 Amal Clooney gives excellent response to fashion question at European Court of Human Rights
Negotiable: Tradewind Recruitment: Phase Co-ordinator for Foundation and Key S...
Negotiable: Tradewind Recruitment: SEN Teacher We have a fantastic special n...
Negotiable: Tradewind Recruitment: My client is an 11-18 all ability co-educat...
£100 - £150 per day: Tradewind Recruitment: Year 6 Teacher Birmingham Jan 2015...