Tories’ biggest donors to profit from #PFI2 #NHSloans – and won’t pay tax

The SKWAWKBOX

PFI (Private Finance Initiative) was a scheme to use private investors’ money to build and run new hospital facilities. It was a disaster and still costs the NHS, according to the Times, around £2 billion a year in repayments, with some hospitals reporting that they’ve had to cut services in order to meet the repayments.

Today, the Times also announced that NHS boss Simon Stevens has been talking to ‘hedge funds‘ about a £10 billion loan for ‘infrastructure’ – essentially to stop buildings and systems falling apart:

pfi2.pngPrivate cash for buildings and other infrastructure – no doubt it will be named something different, but to all intents and purposes this plan is PFI 2.0.

This is being presented as something that is “likely to cause palpitations in Whitehall”, as if the government has been blindsided by the plan – but the Times admits that

Ministers…

View original post 346 more words

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s