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A&E departments have missing their waiting time targets for the 14th week in a row, with just 87% of patients seen within four hours.
Today's figures come as the first private firm to take over the running of an NHS hospital handed back its contract.
ITV News Correspondent Paul Davies reports:
Following the publication of NHS England figures that show A&E departments last week failed to meet their target of seeing 95% of patients within four hours, George Osborne defended the Conservative Party's NHS record.
Speaking to the BBC, the chancellor said he had put an extra £2 billion into the system.
Responding to the publication of accident and emergency figures from NHS England today that show a failure to meet four-hour waiting targets last week, Labour described it as the "worst in living memory" for the NHS.
As NHS England revealed that accident and emergency departments had last week failed to meet targets to see 95% of patients within four hours, it warned that the service would continue to be under pressure for the next few weeks.
Dr Sarah Pinto-Duschinsky said that the flu season meant the NHS had been treating "more patients than than ever before."
Last week, 407,239 patients went to A&E - almost 4,000 more than the previous week and an increase of almost 20,000 on the same week a year ago.
Accident and emergency departments in England saw 86.7% of patients within four hours in the week ending January 4, failing to meet the 95% target, NHS England said.