Labour was told about the likely failure of NHS PFI schemes even before they were signed up to and completely ignored the warnings…..something you might think would peek the BBC’s interest considering that the PFI agreements are now bringing the NHS to its knees in many hospitals.
Good job we still have other sources of news to rely on:
Don’t sign, hospitals warned before PFI deal
‘An NHS hospital trust was officially warned not to sign the £500 million PFI deal that left it on the brink of bankruptcy, an independent report discloses.
Peterborough and Stamford NHS Foundation Trust should never have agreed a deal to obtain funding from private companies in 2007, it says.
Monitor, the hospital regulator, warned that there was “significant doubt” that the deal was affordable before the former Labour government approved the private funding. The trust, which runs two hospitals, is now saddled with huge interest payments.
The regulator raised its concerns in January 2007, copying in the Department of Health under Andy Burnham, now the shadow health secretary.
“We believe the long-term affordability of the proposal to be in significant doubt,” it said at the time.
It reiterated this view in even stronger terms in April of the same year, when it raised “significant concerns as to the scheme’s affordability”.
But the deal was signed in June 2007 and the trust’s finances went downhill.’