Two NHS trusts in Cambridgeshire are in danger of failing and have an uncertain future because of large debts and “catastrophic” decisions made locally and nationally, concludes a damning report by MPs.

In a report published on 7 February the parliamentary public accounts committee has warned that the futures of Hinchingbrooke Health Care NHS Trust and Peterborough and Stamford Hospitals NHS Foundation Trust are in doubt unless they can make unprecedented savings.1

The crux of the problem lies in what the MPs called a “complete lack of strategic oversight” that led to separate decisions to build a new private finance initiative (PFI) hospital at Peterborough and to award a …