FINANCE: Imperial College Healthcare Trust is planning a deficit of £52m for this financial year, board papers reveal.

The central London teaching hospital trust’s deficit plan depends on making £46m in savings over the course of 2016-17.

A report to the board’s most recent meeting: “A further £34.3m of [saving plans] would have been required for us to be eligible for our allocation of £24.1m from the central sustainability and transformation fund.”

The deficit in 2015-16 was £54m, which the trust put down to: “Below plan NHS income, increased levels of fines and commissioner challenges, significantly less growth than expected in our private health division and above plan medical staffing costs.”