The independent Centre for Health and the Public Interest (CHPI) has today released a devastating analysis of accounts showing how PFIs are bleeding money from the NHS, and calls for public sector loans to be used to buy-out PFI contracts. Staggering pre-tax profits Over the past 6 years, companies which run PFI contracts to build and run NHS hospitals and other facilities have made staggering pre-tax profits of £831m – money which has thereby not been available for patient care over this period. The findings show that If the NHS had not been paying profits on PFI schemes, deficits in NHS hospitals would have been reduced by a quarter over this 6 year period. Over the next 5 years, almost £1bn of taxpayer funds (£973m) will go to PFI companies in the form of pre-tax profits – equivalent to a quarter (22%) of the additional amount of money (£4.5bn) that the government has promised the NHS over this period. A number of PFI schemes are generating particularly high pre-tax profi...
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