FINANCE: South London Healthcare Trust submitted an initial financial plan for 2012-13 that would have seen it more than £65m in the red.

The news came in a report to NHS London’s June board which listed trusts whose financial plans for 12-13 required more work.

In 2011-12 the trust recorded a deficit of £65m on a turnover of £438m.

The report from finance director Paul Baumann said before the strategic health authority would sign off the 2012-13 plan the trust would make revisions that included: “setting a planned deficit not greater than 2011-12 outturn deficit, achieving realistic cost improvement programme plans and submitting a revised long term financial model.”