Sunday, 1 April 2007

NHS accounting system's official

This is from a press release from the Department of Health:

Wednesday 28 March 2007 11:14
Department of Health (National)

Nicholson: NHS financial system now fit for the future

Improved NHS financial control allows an end to Resources and Accounting Budgeting 'double whammy'

The NHS is set to move to a more transparent and fair financial regime following the announcement today of the reversal of RAB deductions and the replacement of cash brokerage with a formal system of loans for NHS Trusts.

According to the Chief Executive of the NHS, David Nicholson:

"We are moving NHS trusts out of the resource accounting and budgeting regime as this was inconsistent and unfair. "

Suffice it to say that it was this system, now officially acknowledged to be "inconsistent and unfair" that has crippled Bedford Hospital financially.

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