Cuts to mental health care are costing the NHS millions of pounds long-term, a report has said.
More cases of psychosis and schizophrenia now end up in hospital rather than being treated in the community, it said.
Rethink Mental Illness published the report with the London School of Economics.
Cuts mean fewer people have access to early intervention treatment, such as talking therapy, Rethink said.
It said the NHS could save more than £50m a year by shifting its focus.
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We recognise we must work to ensure that in everything we do mental health has parity of esteem with physical health”
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Dr Martin McShane
National director, NHS England
Britain's recession in 2008 led to cuts across the NHS, as the government struggled to deal with ballooning deficits.
The report said it costs on average £13 a day to support someone with psychosis or schizophrenia in the community.
It said this compared with the £350 average daily cost of keeping a mental health patient in hospital.
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