NHS mortgage

NHS mortgage

A term of art for the cost to the NHS in England for new hospitals built under the private finance initiative (PFI). The terms of the loans are such that annual repayments take up more than 10% of a trust’s financial turnover. The fees, which rise each year, make it increasingly difficult to achieve savings and mean less money for patient care.
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They are blaming the finance problems on the cost of their "NHS mortgages", which have inflated during the recession.