Professor Sir Mike Richards, the outgoing chief inspector of hospitals in England, has said the NHS does not necessarily need more money to improve care. He said there are more cost-effective ways of running the NHS, such as ending the use of what he called “very expensive” agency nurses.

Sir Mike said there was “no doubt” the NHS needed more money and any injection of funds should be used to transform the way the health service was run.

Sir Mike has called for more beds in the care sector, lessons to be learned from errors and the NHS to spend money on a “transformation agenda”.

As of the end of this week Sir Mike is stepping down from his role at the CQC.