The NHS in England generated a surplus of more than £2bn in 2007/08, according to the Department of Health and Monitor.
The NHS in England is on track to achieve a £1.7bn surplus in 2007/08 as forecasts from months nine held relatively steady at year-end.
Payment for performance (P4P) in the NHS moved firmly into the centre stage last month when it was given the prime minister’s backing.
Eight of the 17 remaining financially-challenged trusts have agreed solutions to pay off long-standing deficits and debts.
Workforce body NHS Employers has sought to calm finance directors’ fears that new arrangements for unsocial hours pay will add significant costs.