#PFI – timebomb to blow up the #NHS

Hospital’s debt bill – Camden New Journal, Letters, 22/07/2011

http://www.camdennewjournal.com/letters/2011/jul/hospital’s-debt-bill

IN 2002, Whittington Hospital signed a Private Finance Initiative (PFI) contract. It cost around £30million. Using borrowed money, the hospital settled for an impressively spacious modern development of the somewhat rundown, busy and popular hospital. The price tag was not on show.

PFI funding has long been controversial because of its high cost.

How dire the Whittington’s present financial situation is I do not know. But a stark reminder of a major continuation of its financial problems was recently disclosed in the hospital’s response to a question asked by a member of Islington Pensioners? Forum. Using the Freedom of Information Act 2000 he elicited the information that the annual interest payment on its PFI debt for the financial year 2010-2011 was the staggering sum of £2,228,000.

Could not this money have been better used in patients’ interests? What NHS assets may it now be obliged to sell?

My conclusion: reject any PFI  borrowing ‘solutions’ as appallingly wasteful and benefiting shareholders at taxpayers? expense.

ANGELA SINCLAIR-LOUTIT

Highbury Hill, N5 

Advertisements
This entry was posted in Uncategorized and tagged , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s