Brexit & EconomyPoliticsBig Four step in to turn around NHS finances

Big Four step in to turn around NHS finances

KPMG joined by other big firms in NHS work

Lucrative NHS turnaround work has been picked up by the Big Four, as the
health service’s financial crisis lurches deeper into the red.

With KPMG completing the last of 98 assessments of financially struggling NHS
and primary care trusts, the Department of Health revealed that further work on
the trusts would probably be split between the Big Four, with little sign of
smaller firms picking up any support contracts.

The forecast £620m deficit for the end of January leapt to £790m, which has
increased pressure on NHS chief executive Sir Nigel Crisp to step down. Sir
Nigel had called for a £200m reduction in the overspend.

A DoH spokesman said immediate turnaround work had been undertaken on 18 of
the trusts. Another 23 trusts have been highlighted in a recent report by DoH
finance director Richard Douglas as requiring further support.

Tenon government and public services director Adrian Rutter said the trusts
would want to be seen to bring in a firm viewed as a ‘big player’.

PKF, Smith & Williamson and Begbies Traynor confirmed they had not been
approached to apply for turnaround support tenders.

Related Articles

5 key takeaways from Theresa May’s Florence speech

Brexit 5 key takeaways from Theresa May’s Florence speech

3m Alia Shoaib, Reporter
UK at risk of Brexit talent brain-drain

People Practice UK at risk of Brexit talent brain-drain

4m Alia Shoaib, Reporter
Brexit essentials: this week's round-up

Politics Brexit essentials: this week's round-up

4m Alia Shoaib, Reporter
Government publishes post-Brexit customs arrangements policy paper

Politics Government publishes post-Brexit customs arrangements policy paper

4m Alia Shoaib, Reporter
Italy grants first successful non-dom status application to former UK non-dom

Personal Tax Italy grants first successful non-dom status application to former UK non-dom

4m Emma Smith, Managing Editor
Increased government spending partly offset by high tax revenue

Governance Increased government spending partly offset by high tax revenue

5m Alia Shoaib, Reporter
Less than a third of UK businesses have made formal Brexit plans

Politics Less than a third of UK businesses have made formal Brexit plans

5m Alia Shoaib, Reporter
Nicky Morgan elected Chair of the Treasury Committee

Politics Nicky Morgan elected Chair of the Treasury Committee

5m Alia Shoaib, Reporter