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.

Popular posts from this blog

Why are babies born young?

Why are babies born young? This sounds like an odd question. People would say "of course babies are born young". However, this goes to the core of the question of human (or animal) development. Why is it that as time passes people develop initially through puberty and then for women through menopause and more generally getting diseases such as sarcopenia, osteoporosis, diabetes and cancer, but most of the time babies start showing no signs of this. Lots of research into this has happened over the years and now I think it is clear why this is. It raises some interesting questions. Biological youth is about how well a cell functions. Cells that are old in a biological sense don't work that well. One of the ways in which cells stop working is they fail to produce the full range of proteins. Generally the proteins that are produced from longer genes stop being produced. The reason for this relates to how the Genes work (the Genome). Because the genome is not gettin