This is the sort of leftist stuff on PFI I find frustrating.
http://www.aworldtowin.net/blog/pfi-alb ... ivate.html" onclick="window.open(this.href);return false;
Yesterday, a special administrator recommended that South London Healthcare Trust should be broken up in the wake of its financial failure. The Department of Health should write off £207 million worth of debts built up by the trust driven to the brink of bankruptcy by PFI deals, the administrator said.
It should also provide up to £25 million extra per year to help continue pay for PFI deals. Two of the trust’s three hospitals were built under Labour using PFI funding. The trust plans to slash its workforce over the next five years, from 5,838 whole time equivalents in March 2012 to 4,755 in March 2016.
Administrator Matthew Kershaw said the money spent on PFIs accounted for around a third of the trust's £65 million overspend in the last financial year.
If they overspent by £40m on stuff nothing to do with the PFI just in one year, then there are clearly much bigger problems.
And of course overspend/underspend is internal accounting anyway. If there's a particular problem the hospital can do nothing about, as seems to be the case with PFI, then set them a bigger budget.
Happier attacking Labour than Hunt, who's set up the standards the trust's failed by,
It's also unnecessarily snarky
Margaret Hodge, a member of the previous government and now chair of the PAC, presumably saw no irony in agreeing the committee’s report
She never even got beyond Minister of State, and not in anything to do with PFI.