Why couldn’t we use the model that Scotland and Wales have applied? And if those models are bogus, then why didn’t they use this model?
zeusoid on
PFI in a new dress, just can kicking again, the bills will all come to roost 10years down the road and then we pretend to be surprised when the costs of servicing those plans become due again
cosmic_monsters_inc on
Another step closer to full privatisation. Hope you got your policies ready.
padestel on
Just one more PFI bro. I swear it will work this time bro. Just one more PFI and it’ll fix all the structural issues. Just one more PFI bro this time we won’t be subsidising private companies with public money.
Logical-Brief-420 on
Not against this in principle because many European healthcare systems are part private part public and function better than our own which is what everybody should want.
But this does just sound unimaginative like PFI all over again.
Kind-County9767 on
Oh look it’s new labour prepping to ruin the country for the next 20 years with pfi deals, just as we were getting out of their last lot of them.
Intrepid-Account743 on
“Insanity is doing the same thing over and over again and expecting different results”
Zavage3 on
“While it was originally conceived under the Conservatives, Tony Blair’s Labour government made significant use of the private finance initiative (PFI), a form of PPP used to build schools, hospitals and other public infrastructure, without adding to the national debt.”
It didn’t add to national debt but… The system is widely agreed to have failed and cost an absolute fortune to the tax payer the contracts were 7 times more expensive. Then you had to bail out failed contractors.
The chair of the Association of Infrastructure Investors in PPPs who’s a labour lord even said to expect delays to services and lengthy legal battles for the 150 contracts ending this term!
Intelligent-Ad5258 on
They have done for a few years I’ve known people have ops in private care paid by NHS its nothing new
Slow news day
Next_Replacement_566 on
Be like the Germans. Have a high standard of NHS but if you wanna have your own room or go through it quicker, go private. But EVERYONE pays to provide NHS care.
jondixo on
Not read it but is this another time bomb like the one Gordon Brown crept off and left?
Affectionate-Bus4123 on
Grew up in the 90s when a lot of new schools and hospitals were being built with PFI.
With PFI, it’s usually like a mortgage except the maintenance contract is bundled.
Those maintenance costs happen in the future and if you haven’t noticed stuff is a lot more expensive now than it was in the 90s. Seeing future estimated costs from 2025 back in the 90s made these deals look really expensive but actually it turns out stuff really does cost more now. The inflation was more than expected so the lenders typically lost out and the public won.
I think back then, these were an easy thing for people to attack and they’ve convinced the public they were bad, but you can see the alternative the last 20 years has been just not building this stuff. Where are the 40 hospitals Boris was going to build?
People say that we should issue government bonds instead of using these mortgages against the assets being built, but if you noticed every time the government hints it is going to do that borrowing costs go up and we can’t.
What’s your alternative?
golf_is_quite_hard on
So all the pricks screaming about that prick farage privatising stuff. Where are ya?
Yamosu on
Not this crap again. We’re still paying out from the last time they did this!
Verbal_v2 on
Just for context, the PFI debacle we ran up decades ago now hasn’t even peaked, that will be 2029. Why not get onto Wonga for a loan instead?
internetf1fan on
So for all the scaremongering of tories privatising NHS, which they didnt do for 15 years, Labour come in and do it in 1. Nice.
geldwolferink on
What in the neoliberal bullshit is this. Can someone send labour a notice that the 90s are over?
KindlyReflection6020 on
I think I will keep an eye out for which companies are going to get the PFI contracts. If possible, buy shares in the companies and pocket the dividends.
Yojimbud on
Are they actively trying to loose the next election? Next week they’ll say that were re-invading Iraq.
Thandoscovia on
I remember hearing that the NHS was safe with Labour, and that it was the Tories who would destroy and privatise it. I distinctly remember Sir Keir saying he wouldn’t use private care under any circumstances.
Thank God this is nothing to do with privatising the NHS then?
Haravikk on
Yet more proof of how far the “Labour” party has fallen under its right-wing – the NHS should be nationalised, no ifs, no buts.
The constant erosion by private provision of services has absolutely destroyed it, and was never going to save any money because these are not services with any competition, it’s just pure profit extraction at taxpayer expense.
Only private provision that works in the NHS is for products, i.e– medicines, tools, beds, construction etc. Everything else should be publicly owned, now and forever, and attempting to privatise it should result in immediate unconditional jail time and a lifetime ban from all NHS treatment.
They-Took-Our-Jerbs on
Well I never expected this headline, I thought it was the Tories and Farage going for this model for deals to their friends.
ionetic on
That should be the final nail in the coffin of Labour and everything they were once perceived to have stood for.
Reactance15 on
Place your bets: old people will have public; young people will have only private options.
KernelPoptartz on
The Labour Party and economics aren’t compatible.
The country needs to stop spaffing money at every opportunity.
Why is the concept of keeping things in house and creating lasting infrastructure and jobs such an alien concept for every government that we have to endure
PassingShot11 on
Ah that old trick, public pay and private firms profit…
26 commenti
Why couldn’t we use the model that Scotland and Wales have applied? And if those models are bogus, then why didn’t they use this model?
PFI in a new dress, just can kicking again, the bills will all come to roost 10years down the road and then we pretend to be surprised when the costs of servicing those plans become due again
Another step closer to full privatisation. Hope you got your policies ready.
Just one more PFI bro. I swear it will work this time bro. Just one more PFI and it’ll fix all the structural issues. Just one more PFI bro this time we won’t be subsidising private companies with public money.
Not against this in principle because many European healthcare systems are part private part public and function better than our own which is what everybody should want.
But this does just sound unimaginative like PFI all over again.
Oh look it’s new labour prepping to ruin the country for the next 20 years with pfi deals, just as we were getting out of their last lot of them.
“Insanity is doing the same thing over and over again and expecting different results”
“While it was originally conceived under the Conservatives, Tony Blair’s Labour government made significant use of the private finance initiative (PFI), a form of PPP used to build schools, hospitals and other public infrastructure, without adding to the national debt.”
It didn’t add to national debt but… The system is widely agreed to have failed and cost an absolute fortune to the tax payer the contracts were 7 times more expensive. Then you had to bail out failed contractors.
The chair of the Association of Infrastructure Investors in PPPs who’s a labour lord even said to expect delays to services and lengthy legal battles for the 150 contracts ending this term!
They have done for a few years I’ve known people have ops in private care paid by NHS its nothing new
Slow news day
Be like the Germans. Have a high standard of NHS but if you wanna have your own room or go through it quicker, go private. But EVERYONE pays to provide NHS care.
Not read it but is this another time bomb like the one Gordon Brown crept off and left?
Grew up in the 90s when a lot of new schools and hospitals were being built with PFI.
With PFI, it’s usually like a mortgage except the maintenance contract is bundled.
Those maintenance costs happen in the future and if you haven’t noticed stuff is a lot more expensive now than it was in the 90s. Seeing future estimated costs from 2025 back in the 90s made these deals look really expensive but actually it turns out stuff really does cost more now. The inflation was more than expected so the lenders typically lost out and the public won.
I think back then, these were an easy thing for people to attack and they’ve convinced the public they were bad, but you can see the alternative the last 20 years has been just not building this stuff. Where are the 40 hospitals Boris was going to build?
People say that we should issue government bonds instead of using these mortgages against the assets being built, but if you noticed every time the government hints it is going to do that borrowing costs go up and we can’t.
What’s your alternative?
So all the pricks screaming about that prick farage privatising stuff. Where are ya?
Not this crap again. We’re still paying out from the last time they did this!
Just for context, the PFI debacle we ran up decades ago now hasn’t even peaked, that will be 2029. Why not get onto Wonga for a loan instead?
So for all the scaremongering of tories privatising NHS, which they didnt do for 15 years, Labour come in and do it in 1. Nice.
What in the neoliberal bullshit is this. Can someone send labour a notice that the 90s are over?
I think I will keep an eye out for which companies are going to get the PFI contracts. If possible, buy shares in the companies and pocket the dividends.
Are they actively trying to loose the next election? Next week they’ll say that were re-invading Iraq.
I remember hearing that the NHS was safe with Labour, and that it was the Tories who would destroy and privatise it. I distinctly remember Sir Keir saying he wouldn’t use private care under any circumstances.
Thank God this is nothing to do with privatising the NHS then?
Yet more proof of how far the “Labour” party has fallen under its right-wing – the NHS should be nationalised, no ifs, no buts.
The constant erosion by private provision of services has absolutely destroyed it, and was never going to save any money because these are not services with any competition, it’s just pure profit extraction at taxpayer expense.
Only private provision that works in the NHS is for products, i.e– medicines, tools, beds, construction etc. Everything else should be publicly owned, now and forever, and attempting to privatise it should result in immediate unconditional jail time and a lifetime ban from all NHS treatment.
Well I never expected this headline, I thought it was the Tories and Farage going for this model for deals to their friends.
That should be the final nail in the coffin of Labour and everything they were once perceived to have stood for.
Place your bets: old people will have public; young people will have only private options.
The Labour Party and economics aren’t compatible.
The country needs to stop spaffing money at every opportunity.
Why is the concept of keeping things in house and creating lasting infrastructure and jobs such an alien concept for every government that we have to endure
Ah that old trick, public pay and private firms profit…