Magic money tree?’: UK writes off £13.4 billion NHS debt amid Covid-19 pandemic

Almost £14 billion

Almost £14 billion worth of debt incurred over the years by the National Health Service (NHS) has just been forgiven by Downing Street, as part of the UK government’s efforts to deal with the coronavirus pandemic.

“Today, to help NHS trusts to deliver what’s needed without worrying about past finances, I can announce that I am writing off £13.4 billion of historic NHS debt,” Health Secretary Matt Hancock said at the daily press conference on Thursday.

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