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NHS: Finance

Volume 457: debated on Thursday 8 March 2007

To ask the Secretary of State for Health (1) how many people are employed in running the NHS Bank; how many of those people are managers; and if she will make a statement; (123919)

(2) what the cost was of establishing the NHS Bank; what its running costs were in each year since 2003; and if she will make a statement.

The NHS Bank is a mutual organisation of the strategic health authorities. There were no costs associated with its establishment. The running costs budgets for each year that it has been in operation are shown in the following table.

Cost (£)

2003-04

183,000

2004-05

180,000

2005-06

130,000

2006-07

125,000

Two people are employed to run the NHS Bank. Both staff are finance professionals.