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2025-26 Revised Financial Directions to NHS England and 2026-27 Opening Financial Directions to NHS England

Statement made on 25 March 2026

Statement UIN HLWS1464

Statement

My Honourable Friend the Minister of State for Health (Secondary Care) (Karin Smyth MP) has made the following statement:

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.

Linked statements

This statement has also been made in the House of Commons

Department of Health and Social Care
2025-26 Revised Financial Directions to NHS England and 2026-27 Opening Financial Directions to NHS England
Karin Smyth
Minister of State for Health (Secondary Care)
Labour, Bristol South
Statement made 25 March 2026
HCWS1457
Commons