fernandopartridge
Well-Known Member
Not debts to outside sources. Trusts who spend more than their income have interest bearing loans from the Government. The interest and loan repayments make it more difficult to live within income, so more loans given. It’s not all loans that are being written off, only a certain type of loan. Most non foundation Trusts have loans. UHCW isn’t a foundation trust.
The whole charade is purely designed to make the government balance sheet look better, it serves no other useful purpose. Erm yeah we'll come up with a tariff regime that isn't enough to fund the cost of your services, we'll loan you the balance with interest. Oh, and here's a PFI hospital you'll have to find the money for over the next 30 years.