Our response to the latest financial figures from the NHS Trust Development Authority

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Commenting on the latest financial figures from the NHS Trust Development Authority, Chris Ham, Chief Executive of The King’s Fund, said:

‘Today’s figures show another significant deterioration in NHS trust finances. When combined with Monitor’s most recent figures for foundation trusts, NHS providers are currently forecasting an end-of-year deficit of more than £800 million.

‘It is clear the next government will inherit a health service under huge financial pressure, with deficits among hospitals and other providers likely to continue rising in 2015/16. While there is still scope to improve efficiency to close some of the gap, this will leave new ministers facing an unpalatable choice between increasing NHS funding to restore financial stability, or allowing patient care to deteriorate as staff are cut and waiting times rise.’

Notes to editors

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The King's Fund is an independent charity working to improve health and health care in England. We help to shape policy and practice through research and analysis; develop individuals, teams and organisations; promote understanding of the health and social care system; and bring people together to learn, share knowledge and debate. Our vision is that the best possible care is available to all.