Cuts are a must, Trust told.
A NEW NHS trust which cares for the mentally ill and many vulnerable elderly people will have to shave millions of pounds off its budget every year.
The new Health and Care NHS Trust was only formed on July 1 and bosses have already been told to make substantial multi-million savings as part of a national programme of savings.
The trust, which has a budget of £155 million a year and employs 4,186 staff has to make four per cent efficiency savings or £6 million a year.
However, because the trust is also expected to become a foundation trust in 2013, Monitor, the foundation trust watchdog, is expecting the organisation to plan for even tougher savings of six per cent or £9 million per year.