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.
More top news
Taken in the White Drawing Room at Windsor Castle, a new photograph marks the couple's 70th wedding anniversary.
The 69-year-old republic veteran told the annual Sinn Fein Ard Fheis it would be his last as leader.
A body has been found in the search for missing teenager Gaia Pope.