Exorbitant Private Finance Initiative (PFI) profits

A new report from the Centre for Health and Public Interest shows that over the past 6 years (i.e. a time of severe shortfalls in NHS funding), companies holding PFI contracts to build and run NHS hospitals and other NHS facilities have made pre-tax profits of £831m  – money that would otherwise have been available for patient care.

The Department of Health currently oversees 125 PFI contracts with private companies.   The capital value of the assets that have been built under these contracts is £12.4 billion. Shockingly, over the course of the life of the contracts, the NHS will pay in the region of £80.8 billion to PFI companies for the use of these assets.

August 2017
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