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Thursday, 22 August 2019

Royal Free Hospital, London NW3 £240m in debt even before 'no deal Brexit'

How healthy are our hospitals' finances even before the 'no deal Brexit' that our new Prime Minister Boris Johnson and ally Michael Gove seem hell bent on aiming for?

There is this from the freebie newspaper Camden New Journal of my former local area:

Royal Free faces debt of £240million

NHS Trust posts record deficit, with 'significant doubt' over whether it can go on

15 August, 2019 — By Tom Foot

The Royal Free Hospital 
AN NHS trust that balanced its books seven years ago has posted a record deficit and is fore- cast to have racked up £240million in repayable loans by the end of the year, an independent audit has revealed.
The Royal Free London Group’s debt is casting a “significant doubt” about its ability to “continue to provide healthcare services”, the Pricewaterhouse-Coopers report said.
The audit is buried in a 330-page Royal Free annual report that says seven loans worth £243.9m will be owed to the Department of Health and Social Care by the end of March....

Continue reading at http://camdennewjournal.com/article/royal-free-faces-debt-of-240million
Perhaps an 'advantage' for Boris in 'no deal Brexit' as an exercise in 'disaster capitalism' is that it make the prospect of dissolving the NHS more feasible?
 

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