Financial Times FT.com

Hospitals hide funds to rein in surplus

By Nicholas Timmins, Public Policy Editor

Published: May 25 2008 23:30 | Last updated: May 25 2008 23:30

Hospitals and primary care trusts have prepaid suppliers many hundreds of millions of pounds and have hidden money in other ways in order to keep the National Health Service surplus for last year down to the forecast £1.8bn.

Without such action, senior NHS managers say, the declared surplus for the NHS in England in the financial year just ended is likely to have been nearer £3bn.

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