28 April 2007

That'll learn 'em

In this Thursday's Financial Times there is an article about the dire financial state of seventeen NHS trusts. It reads:

NHS trusts in financial mess

Seventeen NHS trusts are in such deep financial difficulty they are unlikely to be able to get themselves out of it within a decade, the Department of Health has admitted. They are now undergoing "rigourous review" to identify what David Nicholson, the NHS chief executive, described as "long-term solutions".
Options include radical reconfiguration, a takeover by a foundation trust and write-off of part of their debt, with the remainder turned into Treasury-backed public dividend capital on which a low rate of interest is charged.
Just so as you know ...

Radical reconfiguration = closure
Treasury-backed blah blah = write off the rest (but not until no-one's looking).

1 comment:

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