An influential group of MPs has called into question the effectiveness of Health regulator Monitor. The regulator "must get better" at identifying NHS hospital trusts at risk of failure, the Public Accounts Committee (PAC) said.
Its latest report highlighted the large proportion of foundation trusts, which Monitor regulates, that are in financial difficulties. Around a quarter of foundation trusts predicted that they would end the 2013/14 financial year in deficit, the report states.
The MPs also said that Monitor's credibility is "damaged" by a lack of experience in the NHS among staff.
More top news
I think it is fair to say that was the best speech I have seen David Cameron give in the decade I have been reporting on him.
Former Manchester United defender Rio Ferdinand doesn't believe England will be successful until the FA and Premier League work together
Essex Police say that they can't comment on Martin Goldberg's death, but there were indications of an attempt to destroy evidence.