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Gordon Booth · 14-05-2015, 19:53

PFI- between 1997 and 2008 90% of all hospital construction was funded by PFI.
The NHS now owes £80 billion and is paying over £2 billion in annual repayments. By 2017/8 the repayments are expected to rise to £10 billion as they are linked to inflation and the maintenance cost, set by and carried out by the PFI suppliers. Total cost £301 billion on 30 year contracts!
Some trusts will have paid up to 12 times what the hospital cost by the time they've finished, including maintenance.
If I offered you a £15,000 car on HP and told you the total cost would be £180,000 would you snatch my hand off? Especially if you were left with a 30 year old car?

The Labour Gov could have borrowed the money quite cheaply but that would have showed on the balance sheet, PFI didn't(And the cupboard was still bare as that note said).
The ConDems carried on and it looks like the Tories will.

It's a sin!

In the meantime some already rich investors are guaranteed to get much richer over the next 30 years.

Until some very hard men(and women) are given a free hand to sort the NHS out from top to bottom things will continue to get worse and more and more of our taxes will vanish into the mouth of a deteriorating service.

But no Government has had, or will have, the gonads to allow that.

14-05-2015, 19:53	#4254
Gordon Booth Senior Member+ Join Date: Jul 2010 Posts: 2,402 Liked: 715 times Rep Power: 46611	Re: The Tories PFI- between 1997 and 2008 90% of all hospital construction was funded by PFI. The NHS now owes £80 billion and is paying over £2 billion in annual repayments. By 2017/8 the repayments are expected to rise to £10 billion as they are linked to inflation and the maintenance cost, set by and carried out by the PFI suppliers. Total cost £301 billion on 30 year contracts! Some trusts will have paid up to 12 times what the hospital cost by the time they've finished, including maintenance. If I offered you a £15,000 car on HP and told you the total cost would be £180,000 would you snatch my hand off? Especially if you were left with a 30 year old car? The Labour Gov could have borrowed the money quite cheaply but that would have showed on the balance sheet, PFI didn't(And the cupboard was still bare as that note said). The ConDems carried on and it looks like the Tories will. It's a sin! In the meantime some already rich investors are guaranteed to get much richer over the next 30 years. Until some very hard men(and women) are given a free hand to sort the NHS out from top to bottom things will continue to get worse and more and more of our taxes will vanish into the mouth of a deteriorating service. But no Government has had, or will have, the gonads to allow that.