FINANCE: Lancashire Teaching Hospitals FT is still “significantly” off target on financial plans, board papers show.

The trust was £657,000 in debt at the end of June, according to its latest finance report, which says the shortfall is the result of “slippage on efficiency schemes”.

“This position remains significantly away from plan,” says the report. “The challenge for the organisation remains the implementation of planned efficiency schemes for 2012/13.”