Firms in £830m NHS lift

Daily Star - - News -

PRI­VATE firms do­ing NHS work have made £830mil­lion profit in six years – up 40% in some cases.

Labour MP Stella Creasy slammed the find­ings, ac­cus­ing Pri­vate Fi­nance Ini­tia­tive com­pa­nies of “squeez­ing public ser­vices at great cost to the tax­payer and great profit to the share­hold­ers”.

Un­der PFI con­tracts, firms agree to build or work on projects for the health ser­vice.

They get an­nual re­pay­ments over an av­er­age of 31 years, cost­ing far more than the value of the work.

At Peter­bor­ough and Stam­ford Hos­pi­tals Foun­da­tion, a PFI com­pany made more than £80m in profit over five years.

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