I am revising the 2025-26 financial directions to NHS England made on 31 March 2025, and setting the 2026-27 financial directions to NHS England.
The amendment to the total revenue resource use limit for 2025-26 has been agreed with NHS England, as required under section 223D(4) of the National Health Service Act 2006.
The directions reflect recent funding settlements with His Majesty’s Treasury and include a number of funding transfers from and between the Department of Health and Social Care and NHS England.
The 2025-26 total is as set out by HM Treasury at the autumn statement, with some additional transfers in-year, including for pay, industrial action and redundancy costs. The 2026-27 total is as set out by HM Treasury, with some additions from budgets held in the wider DHSC group.
Both directions will be laid before Parliament and published on gov.uk.
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