Workforce and increased capital investment are central to elective recovery and to meeting the efficiency demands.
A sustained increase in NHS revenue and capital funding is needed as one of five key changes called for by the NHS Confederation this week.
The government finally appeared to take the brakes off its new hospital programme (NHP) with an announcement towards the end of May.
Since capital accounting was introduced in the NHS back in the early 1990s, tangible and intangible assets have been held at valuation.
The new hospital programme is moving forward at a cost of more than £20bn, but further funding will be needed, says Steve Brown.
The NHS pay dispute reached a partial resolution in May, with most unions representing staff covered by the agenda for change pay framework.
A round-up of recent technical developments
Kwasi Kwarteng resigned as chancellor after a little over a month in office and was replaced by Jeremy Hunt.