Pressure building on Peterborough finances

Based on month eight figures, it has to find recurrent savings of £18.5m to carry forward a balanced position into the next financial year. Contingency funds are being used in full to balance the current forecast.

It has a forecast overspend of £4.7m in the full year with Peterborough and Stamford Hospitals Foundation Trust but the fundamental problem is an increase in ‘internally generated activity’ such as consultant-to-consultant referrals, the board heard.

The finance report for month eight said ‘The trust continues to work towards a higher business plan than is set out in the contract.’