Skip to main content

PFI encountering problems in health

The linked story is a story in "The Times" which refers to the costs of PFI.

It also includes the following:
"The issue was brought into focus last month by an admission by Queen Elizabeth Hospital trust, in Woolwich, that the trust was technically insolvent."

The fact is that it is only adjustments by the Treasury for Risk that make PFI appear superficially OK. In fact although leasing a van for a short period is not necessarily a bad idea leasing a hospital for a long period is. You could not lease a hospital for a short period. Hence financially it is a really bad idea.

Comments

Tristan said…
Once I finally found out what PFI is I must say I thought it was stupid.
But it saves a bit of money in the short term so Brown can try and look like he's prudent.
12:36 pm
Post a Comment

Popular posts from this blog

NHS reorganisation No 3,493,233

Followers of my blog will have seen the NHS question about how many reorganisations have we had. We've yet another. The number of PCTs (Primary Care Trusts) nationally is to halve. This means merging East and North. (and then probably HoB and south). It would be nice if people would stick with one structure. There is a quotation ( Which sadly does not appear to be a true quotation ) We trained hard . . . but it seemed that every time we were beginning to form up into teams we would be reorganized. I was to learn later in life that we tend to meet any new situation by reorganizing; and a wonderful method it can be for creating the illusion of progress while producing confusion, inefficiency, and demoralization. But has to have been originated by someone. The web link shown goes through the derivation which appears to be more linked to an anonymous British Soldier WW2 than any Roman or Greek General called by a name perming 2 out of (Gaius, Galus, Petronius and Arbiter). From the...
2 comments
Read more