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Tag: PFI

NHS under pressure with more trusts in the red

The number of NHS trusts in financial difficulty has more than doubled in a year an Audit Commission report warns.The NHS ended 2011-12 with a £1.6 billion surplus- but the differences between solvent trusts and struggling ones is growing, warns the Audit Commission. Hospitals on the outskirts of London and across the south east are […]

Hospital PFI project went ahead despite warnings

A hospital now losing £44 million a year was allowed to go ahead with a private finance deal to build new premises despite the Government being warned that the project was unsustainable.A report, commissioned by the hospital regulator, Monitor, reveals that strong concerns were raised that Peterborough Hospital would not have the money for the […]

NHS is paying for Labour’s dodgy deals

The NHS faces huge costs because of flaws in Private Finance Initiative (PFI) contracts agreed by the previous administration.Yesterday afternoon, the Queen opened the South West Acute Hospital in Enniskillen. She will doubtless have been impressed: the facility, the first to be built in Northern Ireland for more than a decade, is a gleaming shrine […]

Coalition ministers take over bankrupt PFI hospitals

One of Britain’s biggest hospital trusts is “on the brink of bankruptcy” and will be taken over by ministers in the coming weeks after being saddled with large debts from PFI deals.South London Healthcare Trust, which runs three hospitals in the capital, is losing more than £1 million a week and will be run by […]

PFI indebted hospitals to be given £1.5 billion lifeline

Seven English NHS hospital trusts with debts caused by Labour’s Private Finance Initiative (PFI) debts are to have access to a £1.5 billion government bailout fund.The subsidy will be available over the course of 25 year long contracts. Trusts will have to show they have improved efficiency and provide good care in order to access […]

NHS PFI debts rising by 5pc a year

Taxpayers are paying five per cent more per year for hospitals built under Labour’s Private Finance Initiative (PFI) because the debts are linked to inflation.Currently the combined debt for some 800 PFI projects, including 103 PFI hospitals in England, stands at about £300 billion, according to makers of the programme. When a BBC Panorama programme […]

Labour wasted cancer cash on NHS salaries and PFI schemes

Cancer care on the NHS lags behind that in many other developed countries because Labour wasted billions of pounds on PFI schemes, bureaucracy and inflated salaries for managers.A report by the Organisation for Economic Co-operation and Development (OECD) has found that, despite record spending on health care, cancer survival rates in Britain are worse than […]

Glasgow Royal Infirmary protest at PFI parking fee hike

Health workers at a Glasgow hospital are staging a protest later over a 113% increase in parking fees.The monthly cost of a permit for the multi-storey at Glasgow Royal Infirmary (GRI) has risen from £42 to £89.50. Parking fees at most Scottish hospitals were abolished in 2009 but remained at three sites where car parks […]

NHS hospitals crippled by labour’s PFI scheme

Patient care is under threat at more than 60 NHS hospitals which are “on the brink of financial collapse” because of costly private finance initiative schemes the Health Secretary warns.Andrew Lansley says he has been contacted by 22 health service trusts which claim their “clinical and financial stability” is being undermined by the costs of […]

Labour’s Private Finance Initiative- NHS hospitals will cost taxpayers 60 years of pain

Under Labour’s Private Finance Initiative schemes, British taxpayers are committed to pay £229 billion for new hospitals, schools and other projects with a capital value of just £56 billion. Several contracts are due to run for 60 years, documents released under freedom of information requests show, meaning taxpayers will be paying for the projects for […]