Trusts struggling financially penalised with 6% interest rates

04 June 2018 – NHE

NHS providers placed in Financial Special Measures are being hit by interest rates as high as 6%, according to a new report.

The report was published by the Healthcare Financial Management Association (HFMA) with former Health Secretary Alan Milburn and consultancy PwC, says that at the end of 2016-17, the total debt accumulated across NHS trusts and foundation trusts was £4.9bn, with an associated interest cost of £169m.

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