Magazine article Public Finance

You Must Save £38M Next Year, Biggest NHS Trust Told

Magazine article Public Finance

You Must Save £38M Next Year, Biggest NHS Trust Told

Article excerpt

England's biggest hospital trust has been told to draw up plans to save £11m this year and £38m in 2007/08.

The Leeds Teaching Hospitals Trust said the payment by results funding system had exposed inefficiencies in its delivery of services - the trust is 15% above the PBR tariffand at the end of October it was £1.9m in deficit.

Without further action, which could include redundancies and service cuts, it expected to finish the financial year £11m in deficit.

Yorkshire and the Humber Strategic Health Authority said it had no plans to send a turnaround team into the trust, but has ordered the trust to produce savings proposals.

'These plans will inevitably involve a reduction in posts and a rethink about some of the services we provide,' said the trust's interim chief executive, Hugo Mascie-Taylor. …

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