Written statement: 2025-26 Revised Financial Directions to NHS England and 2026-27 Opening Financial Directions to NHS England - Mar 25

Minister for Secondary Care (Karin Smyth): 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 HM 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.