The financial vulnerability of UK hospitals was highlighted last week, although the cause of their symptoms was apparently up for debate.
Guess what Spain, Greece and Italy’s fiscal crises all have in common? They were all preceded by government splurges on PFI, or, as it’s known on the continent, PPP.
Globalise Resistance will soon be announcing a public forum examining the money sapping scheme of PFI, which is costing the UK taxpayer hundreds of millions of pounds every year, and which escapes the attention of government cuts.
Rejected as an economically viable method of building at home, business leaders and government departments are insisting on exporting PFI wherever they can overseas.
GR’s first ever festival of resistance was a beautiful and fascinating event, taking political learning, discussion and planning to an entirely different environment.
It’s festival time of year and GR is helping itself to a hefty chunk of the action. Make sure you keep Friday 8 - Sunday 10th July free for the best event of the summer.
We thought you should listen to the File on Four Radio broadcast from the BBC on PFI. It’s a pretty damning piece of journalism by Jerry Northam.
HSBC and other investment funds are taking control of UK schools, hospitals, social housing and other vital pieces of public infrastructure via the Private Finance Initiative (PFI).