A NEW report has revealed Lewisham Primary Care Trust's (PCT) finances are in poor health.

The PCT has reported a £2.28m deficit, in the report penned by its director of finance and resources Tom Breen.

Mr Breen admits the figures show the PCT is under "severe financial pressure".

He has recommended it defer all "non-essential capital projects" until the start of the new financial year.

Lewisham Hospital is also expected to be around £7m in the red, according to an external audit of its finances.

The hospital is currently running a strategic review of its operations, in a bid to cut its losses.