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
How Old Do I Look: Microsoft’s super advanced age-guessing app is terrible at guessing how old celebrities are, too
What do the emoji on Snapchat mean?
The 12 most sexually satisfied countries in the world revealed
Uploading pictures to find out how old you are gives Microsoft the right to post them wherever they want
This company will heat your house for free if you have room for its servers
- 2 The man who filmed the Freddie Gray video has been arrested at gunpoint
- 3 How the language you speak changes your view of the world
- 4 The top 50 cities for young people to live in
£28000 - £45000 per annum: Recruitment Genius: A Senior Digital Marketing Cons...
£16640 - £18500 per annum: Recruitment Genius: An Assistant Stores Keeper is r...
£16000 - £18500 per annum: Recruitment Genius: This is an excellent opportunit...
£17000 - £30000 per annum: Recruitment Genius: Developer required to join a bu...