News / English surplus tops £2bn

11 July 2008

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The NHS in England generated a surplus of more than £2bn in 2007/08, according to the Department of Health and Monitor. Unaudited figures for the NHS (excluding foundation trusts) showed an aggregate underspend of £1.658bn. FTs' net surplus was £514m.

David Flory, the Department's director general of NHS finance, performance and operations, said: 'Thanks to the tremendous efforts of those in the NHS, organisations have the headroom and confidence to invest in transforming patient services, whilst having the flexibility to respond to fluctuations in demand.'

The Department said the non-foundations' final figure was down on forecast because some investment started early. Ten organisations reported a deficit, compared with 82 in 2006/07. They reported a gross deficit of £122m in 2007/08, down from £917m.

Ten of 17 financially challenged trusts have agreed ways to repay debts. Mid Yorkshire Hospitals and West Middlesex University Hospital trusts joined eight others no longer classified as financially challenged.