by Professor Matthew Swindells, managing director, health, Tribal Group PLC
It is now clear to the NHS that life is going to get very difficult in the foreseeable future. It is just as clear that, unusually, it has warning of the choppy waters ahead and time to do something about it.
The recession in the NHS will be delayed. A generous settlement has been given for the next two years – 5.5% for PCTs and (whilst tighter than they have become used to), real increases in the tariff for hospitals.
The financial cycle