The NHS trust, which is running based on Queen Alexandra Hospital, is aimed towards closure in the financial year with a deficit of £8m.

Bosses state that despite the fact of generation of million pounds' worth of savings – which comprises of 500 staff – are still kept in red.

The financial condition is such that the trust might have to hand over the cap to regional health bosses for an emergency loan in order to ensure to pay the bill amount.

With an assumed dip in price in income in the coming year the NHS has been pressurized to fasten the belt, the trust at the same time has claimed of facing a severe blow in regard of a toughest-ever challenge.

'The challenge we are going into next year is the biggest we've ever seen,' said Steve Gooch, deputy director of finance at Portsmouth Hospitals NHS Trust.

In the current mode the spend amount is close to £700,000 a month which apparently is more than what one can earn. At the same time as one gets more near towards the likelihood they focus towards an £8m shortfall at the end of the financial year.

Majorly the issue is due to the deficit which is approximately priced at £37m of savings this financial year and at the moment the firm could only gather £31m, but is aiming towards bridging the gap of £6m.