FINANCE: The primary care trust is planning to underspend its £1,033m allocation for 2011-12 by just £1m, NHS North West board papers report.

The figure amounts to a planned surplus of less than 0.3 per cent. But 2010-11 Manchester recorded a surplus of just £347,000, on a turnover of £1,046m, the same report states – a surplus of 0.03 per cent.

Manchester produced the lowest surplus, as a proportion of income, of any PCT in the North West last financial year, except Cumbria, which recorded a £5.9m deficit.

The Greater Manchester cluster, of which Manchester is the biggest of 10 PCTs is planning to record a surplus of £14.7m in 2011-12, on an initial revenue resource limit of just under £5bn.