The figures are published in the first quarterly report of the financial year covering the period April to June and forecast a 2 per cent surplus that will stay within the NHS.
The gross deficit is predicted to be £45 million at the end of the current financial year.
During the first quarter of 2008/9 232 redundancies were reported compared with 766 in June 2007. Clinical redundancies decreased from 102 in June 2007 to 29 in 2008.
Commenting on the Department of Health’s publication of the first quarterly NHS finance figures of 2008/09, Tom Sandford, Director of Royal College of Nursing (RCN), England, said:
'We are pleased that today’s figures show the NHS in a strong financial position, but we must not forget that this is £1.75 billion that has not been spent on delivering quality patient care.
'Nurses are already playing a huge role in improving public health, reducing health inequalities and boosting the management of long term illness; key parts of the government’s health agenda. However, nurses and other healthcare staff will only be able to deliver these programmes if every available penny is invested in frontline patient services and staff.'
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