Increasing numbers of NHS providers are facing financial difficulties. In 2009/10, just 8 per cent of trusts and foundation trusts overspent. The latest figures for 2015/16 show that nearly two-thirds of all trusts ended the year in deficit. Nearly three-quarters of trusts in deficit were acute hospitals.
Between 2009/10 and 2012/13, NHS providers – trusts and foundation trusts – had together ended each year with a surplus of around £500 million. But in 2013/14 the gross deficit outweighed the gross surplus of NHS providers and there was a net overspend of £107 million.
In the past two years provider finances deteriorated sharply; last year providers overspent by nearly £2.5 billion. A total of 11 trusts had accumulated deficits of over £50 million each, and Barts Health NHS Trust posted the largest overspend of £135 million.
- For an in-depth analysis of NHS deficits, see our briefing Deficits in the NHS 2016.
More NHS in a nutshell
- The NHS budget and how it has changed
- How the NHS is funded
- Public satisfaction with the NHS
- Health care spending compared to other countries
- How the NHS in England is now structured
- Spending on social care for older people
- The number of hospital beds
- Hospital activity
- NHS staffing numbers
- Health inequalities
- Spending on public health