NHS England has announced it is to reinvent itself as a bank in order to secure the levels of government funding it needs to provide adequate healthcare and properly paid staff by means of a multibillion pound bailout.
The news comes on the back of strikes by nursing staff who have had their pay frozen, and as NHS England report it could have a funding shortfall of £2bn.
“We have made savings of nearly £20bn” it said in a statement, “but are currently unable to afford some treatment for illnesses such as cancer, heart disease or MPs’ memory loss.