FINANCE: Barts Health Trust saw “further slippage” on its finances in June, leaving a deficit of £8m at the end of the month, a report said.
A report to the board of the east London acute trust, which has a turnover of more than £1bn, said: “Month three has seen further slippage on the financial position, with a cumulative deficit of over £8 million for the first quarter of the year and some CIP schemes still to be identified.”
It added: “The trust executive is instituting a number of additional and immediate expenditure controls, covering both pay and non-pay expenditure. Both the finance and investment committee and the trust board will need to review the month three outturn and recovery plans in detail to assure themselves that appropriate steps are being taken to restore the financial position.”
Board report (pg.28)