Wednesday, August 24, 2011

Operational overspend?...

No. However, am I being too cynical not to expect much coverage of this news: "Majority of PCTs predict cash surplus for end of financial year". The General Practitioners Committee had warned that because NHS primary care trusts debts were likely to be transferred to the new GP consortia when they take on commissioning they would be starting with millions of pounds in debt and deficits; they expressed concern that these difficult financial conditions could mean that GP commissioning was doomed to fail. They need not fear: not a single one of the seventy one trusts that responded to the request for information "forecast a deficit at the end of the 2011/12 financial year"... "In fact 90% of PCTs predicted that they would be in surplus."

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Paul said...

Can you move up on the cynical step. As I've said below the panic button was pressed as a reflex, not just in the NHS but I'd say in local government as well.

None of the cuts in the local trusts have taken place, the hospital closest to me was due to close but is now on a 'stay of execution.'

Interesting that the construction industry is currently the leading sector in growth in the UK, it was of course the first to go into recession, but it suggests that people are dipping their toes in the water again. Bad news however is that it's the buy to let market that is kick starting the economy which means we are going back into the cycle of relying on property prices to get the economy going rather than exports or manufacturing.

Span Ows said...

Exactly but if you listen to certain news outlets you'd think the Coalition were bayoneting babies to sell the blood to buy trinkets or the rich.

That is bad news re RtB, it means another bubble being pumped up instead of a massive fall in property prices which would of course push hundreds of thousands into the shit.