An independent committee has accused the Department of Health of making "catastrophic" decisions over the decision allow a new hospital in a city, while a private firm was being hired to run another one 24 miles away.
According to the Commons Public Accounts Committee, the Peterborough and Stamford Hospitals Trust had accumulated a deficit of more than £45 million by the end of 2011/12.
The trust's financial position is now so serious that, even if it achieves challenging annual savings, it will still require significant financial support of up to £26 million a year for the next 30 years to remain viable.
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The referendum story is rapidly heading south. Scottish voters were promised more power - now English and Welsh voters ask "what about us?"
The Scottish independence referendum was threatening to turn into a huge boost for separatist movements in many countries in Europe.
A sigh of relief across Westminster and a crushing sense of disappointment for 45% of Scotland, but Yes campaign could not have done more.