Guy's and St Thomas' predicting deficit for 2012-13

The trust’s business planning report for 2013-14 said the £1bn-turnover teaching hospital was now forecasting a loss of £7.7m, compared with a plan for a £13m surplus.

The figures exclude donations for capital expenditure.

A finance report to the trust’s board said: “The financial report shows a surplus of £0.5m on income and expenditure for the nine months to 31st December 2012 and against the planned year to date contribution of £9.7m (£13m in a full year) an adverse variance of £9.2m.

“The current year-end projection as at December 2012 is a £1.5m loss on income and expenditure, an adverse variance of £14.5m against the planned £13m surplus.”