FINANCE: The South London and Maudsley Foundation Trust is predicting a deficit for 2014-15, its annual plan review reveals.

The document submitted to Monitor shows the mental health trust predicting surpluses of £55k this year and £900k in 2013-14 but a small deficit of £400k the year after.

The annual plan review predicted falls of two per cent in NHS income in 2013-14 and 2014-15 and pay inflation of one per cent in each of those years.