Hospitals £1.4m loss due to dangerously rising energy costs.

The energy catastrophe seems to have a significant difference on the UK’s health sector.

A hospital trust has estimated that it may have a £1.4 million loss this financial year as a conclusion of “inflationary pressures” relating to huge energy bills.

In its current public board announcement, North Tees and Hartlepool NHS Foundation Trust stated utility spend, inflation costs and the ascending cost of living, are to blame for its current financial position.

The last official figures display that the rate of inflation has skyrocketed to a 40-year high of 9.1% last month.

“Good control and mitigation in operational financial management and good grip in corporate financial management is therefore essential.” The trust stated.

This week, analysts predicted that the energy price cap could rise to £3,000 in the upcoming months.

Hospitals £1.4m loss due to dangerously rising energy costs.

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