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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 money."

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 million.

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.

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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.

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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


 

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Related links:

PFI:

triangleCapitalism fails NHS services in Liverpool: scrap PFI!

triangleNorthern Ireland: strike action by NHS workers

triangle300 NHS nurse suicides in seven years - fully fund our health service now!

triangleNon-fiction: 'Unhealthy Profits: PFI in the NHS'

triangleWorcestershire: save the libraries, reverse all the cuts

Labour:

triangleLessons from the Corbyn experience

triangleHull Trades Council debates workers' political representation

triangleCrisis in council services: Labour must fight or stand aside

triangleTrades council debates workers' political representation

Hospital:

triangleDispatches from the front: bosses prepare fresh attacks on NHS

triangleAdding demands to the weekly claps

triangleISS workers' pay victory

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