Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://secure.socialistparty.org.uk/issue/538/6169

From The Socialist newspaper, 17 June 2008

PFI - a very bad deal for the NHS

IF YOUR local shop had an offer, "one for the price of three", they would not get much trade. Yet that's the kind of deal offered to health trusts by Private Finance Initiative (PFI) consortia on building hospitals. If you include rent, fees and additional interest charges, the costs of PFI deals in Britain's hospitals can be two and sometimes three times as great as publicly financed agreements.

PFI firms build hospitals and lease them back over 30-60 year commercial contracts. In Scotland's first PFI hospital, Hairmyres in East Kilbride, for instance, construction firm Keir and finance firm Innisfree originally put in 8.4 million of 'their own money.'

Using Freedom of Information laws, two Scottish economists found that over 30 years they will recoup an estimated 145 million. That is double the cost of building the hospital through public finance through the National Loan Scheme, even though the contractors put their cash at very little risk.

With extra profits from operating and maintenance costs, the ratio may be as high as three to one. PFI is a very expensive way of transferring money from the health service to the bank accounts of building and financial capitalism. PFI must go.

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.

Please donate here.

All payments are made through a secure server.

My donation

 

Your message: 

 


In The Socialist 17 June 2008:

No! to racism: Yes! to decent jobs, homes and public services

No! to racism: Yes! to decent jobs, homes and public services

Unite and fight against racism

Protest at BNP 'hate festival'

Let AmDani stay!

conference


International socialist news and analysis

Lisbon Treaty 'No' vote delivers major shock for political and big business Establishment


Socialist Party campaigns

Shell drivers strike

David Davis - sanity or carving a position?

Greater Manchester - save your post office

London protest over Rajapaksa's dismal human rights record

Stop big business polluting our environment


Education

Stop New Labour's divisive school academy plans


Socialist Party NHS campaign

NHS: Polyclinics - Stop this backdoor privatisation

PFI - a very bad deal for the NHS

Reopen the battle on NHS pay


Socialist Party campaigns

End the occupations

Unison conference: Angry delegates attack leaders


Post office closures

Leeds: Stop Beeston post office closures


Socialist Party workplace news

National Shop Stewards Network Conference

CWU's link with Labour hotly debated

Victory against bosses at Keele

Workplace news in brief


 

Home   |   The Socialist 17 June 2008   |   Join the Socialist Party

Subscribe   |   Donate  




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

Hospitals:

triangleDispatches from the front: bosses prepare fresh attacks on NHS

triangleUS private healthcare system in meltdown

triangleDispatches from the front: NHS staff say give us PPE, not medals!

triangleNHS workers speak out: austerity has left us unprepared

Reports and campaigns

Reports and campaigns

3/6/20

Equity

Equity union general secretary election

3/6/20

Socialist

Pandemic doesn't stop Socialist Party educating organisers: northern meeting

3/6/20

Labour Party

Blairite general secretary elected - Starmer's takeover of Labour Party consolidated

3/6/20

Racism

Fight racism and class inequality, fight capitalism!

3/6/20

Covid

Hospital closed following rampant spread of Covid-19

3/6/20

JCB

Coordinated union struggle needed to save jobs and nationalise JCB

3/6/20

PCS

PCS pay claim: Vital work unrecognised

3/6/20

Schools

Schools... no going back until it's safe

3/6/20

UCU

Reject the university employers' offer on pay, workload and casualisation

3/6/20

Buses

Fight continues for safety on London buses

27/5/20

Fighting Fund

We need readers' support to fight capitalist crisis

27/5/20

Ferries

Fight P&O's billionaire bosses' jobs cut plan

27/5/20

Schools

Schools aren't safe

27/5/20

Energy

Energy firm plans to make 2,600 redundant

27/5/20

Hull

Hull Trades Council debates workers' political representation

triangleMore Reports and campaigns articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party
Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

LATEST POSTS

CONTACT US

Phone our national office on 020 8988 8777

Email: info@socialistparty.org.uk

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

ABOUT US

ARCHIVE

Alphabetical listing


June 2020

May 2020

April 2020

March 2020

February 2020

January 2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999