London PCTs to pay off capital's debts
London primary care trusts are to pay off the historic debt of trusts in the capital to prevent it reaching £579m by 2011.Backed by NHS London, the PCTs are proposing establishing a collective fund to pay off the debts, consisting of £304m of 'topslice' funding held by the strategic health authority and a non-returnable levy of 1.3 per cent on PCT funding for two years.
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