Link to this page: https://secure.socialistparty.org.uk/issue/452/5407
From The Socialist newspaper, 24 August 2006
PFI - Labour's binge profiteering
THE GOVERNMENT has announced that a new £1.5 billion wave of new
hospitals will be built under the costly but profitable (to private
firms!) Private Finance Initiative (PFI). Six new hospitals will open in
Leicester, Torbay, North Staffordshire, Tameside and Glossop, Salford
and Walsall from 2010.
Health Minister Andy Burnham sounded excited: "The go-ahead is great
news for patients who will benefit from modern, bright, new buildings.
The new facilities ... will be affordable well into the future. Each
scheme has been rigorously checked to make sure that it offers value for
However, this year the National Audit Office (NAO) said private
investors made over £80 million out of a refinancing deal at Norfolk and
Norwich University Hospital but the hospital was only handed £34
A UNISON official said: "PFI schemes are expensive, inflexible and
are adding to the current financial burdens of many hospital trusts."
The Queen Elizabeth Hospital in Woolwich faces insolvency because,
according to the auditors, PFI is costing an additional £9 million per
year compared with conventional procurement.
At a time of crisis in the NHS, with health staff's jobs under threat
and with government policies causing huge deficits, this PFI plan is
just binge profiteering. Labour refuse to learn from their costly
mistakes. The unions must take up the fight against PFI as part of the
battle to defend the NHS.
Donate to the Socialist Party
Coronavirus crisis - Finance appeal
The coronavirus crisis has laid bare the class character of society in numerous ways. It is making clear to many that it is the working class that keeps society running, not the CEOs of major corporations.
The results of austerity have been graphically demonstrated as public services strain to cope with the crisis.
The government has now ripped up its 'austerity' mantra and turned to policies that not long ago were denounced as socialist. But after the corona crisis, it will try to make the working class pay for it, by trying to claw back what has been given.
- The Socialist Party's material is more vital than ever, so we can continue to report from workers who are fighting for better health and safety measures, against layoffs, for adequate staffing levels, etc.
- Our 'fighting coronavirus workers' charter', outlines a programme to combat the virus and protect workers' living conditions.
- When the health crisis subsides, we must be ready for the stormy events ahead and the need to arm workers' movements with a socialist programme - one which puts the health and needs of humanity before the profits of a few.
Inevitably, during the crisis we have not been able to sell the Socialist and raise funds in the ways we normally would.
We therefore urgently appeal to all our viewers to donate to our special coronavirus appeal.
In The Socialist 24 August 2006:
Unite against war, terror and racism
Wars and terrorism
Socialist Party NHS campaign
"We won't be treated like dirt"
Strike ballot begins
PFI - Labour's binge profiteering
PFI scams exposed
Protests in Nuneaton
Ballots and lobbies in Pontefract
Sheffield - stop these attacks on children's health
Cuts and sell-offs in Birmingham
The NHS: What we say
Socialist Party youth and students
Tony Blair takes the biscuit...
Preparing for the new term
Lincoln launches anti-BNP campaign
Socialist Party campaigns
Liberal U-turn stops tenants' ballot victory
Cream for fat cats - debts for us!
Socialist Party workplace news
Visteon workers fight for their future
Prison officers vote to strike
Crown Post Offices
National trade union meeting
The Socialist 24 August 2006 |
Join the Socialist
Phone our national office on 020 8988 8777
Locate your nearest Socialist Party branch Text your name and postcode to 07761 818 206
Regional Socialist Party organisers:
Eastern: 079 8202 1969
East Mids: 077 3797 8057
London: 07748 534 891
North East: 078 4114 4890
North West 079 5437 6096
South West: 077 5979 6478
Southern: 078 3368 1910
Wales: 079 3539 1947
West Mids: 024 7655 5620
Yorkshire: 077 0671 0041