Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: http://www.socialistparty.org.uk/issue/272/24540

From The Socialist newspaper, 11 October 2002

PFI Stinks

THE PRIVATE Finance Initiative (PFI) is handing billions of pounds of public money in profits to private companies. Despite a 2:1 vote at Labour Party conference in favour of a review, New Labour is accelerating the handover of essential public services to private vultures.

Cllr Dave Nellist, Socialist Group leader, Coventry city council

At the conference, Tony Blair said: "I don't care who builds them. This isn't the betrayal of public services - it's their renewal". New Labour, he said, was "putting power in the hands of the parent or patient".

Rubbish! PFI puts power in the hands of the spivs and shareholders. It's a series of Enrons in the making.

Three days after Blair's speech, schools minister David Miliband revealed that the government is now planning the rebuilding or refurbishment of all 3,780 secondary schools in the country.

All schools maintenance will be transferred to private companies, in a series of PFI deals that could be worth 45 billion over the next 10 years.

Earlier this year one PFI giant, Balfour Beatty, boasted of 18% a year profit from PFI deals. Across the board that's billions of pounds going in profits that could provide better services, more jobs and decent wages and conditions.

Even one of the Tory architects of PFI, former Chancellor Norman Lamont, now says that PFI "looks in the short term cheaper but in the long run is likely to be much, much more expensive".

The government's own architecture watchdog has warned that many of the 30 PFI schools already built are like "sheds without windows"; small with too little natural light. Many of the hospitals and schools built under PFI could be "obsolete" before the 25 years of the contract is finished.

What is really needed is not a review, but action to force the government to halt all current PFI proposals.

A new, mass workers' party urgently needs to be built to fight to return to public ownership and democratic control all those services in hospitals, schools, roads, prisons, transport etc that have been privatised through PFI.


Contracts are due to be signed on 15 October to demolish Coventry's two NHS hospitals and replace them with a single PFI hospital with less doctors, less nurses, less beds and in a location (on the outskirts of the city) which nobody in Coventry wants.

Local Socialist Party members have campaigned long and hard against the plans. For 10 years we've collected signatures on weekly Saturday stalls - a massive 150,000 people have signed, three times bigger than the previous largest petition in the history of Coventry.

10 years ago the local health authority planned to modernise both our NHS hospitals for 57 million. Now the project is due to cost 350 million, possibly the biggest PFI rip-off in Britain! Somebody, somewhere, is making huge profits out of ill-health in Coventry. It stinks!

Why not click here to join the Socialist Party, or click here to donate to the Socialist Party.


In The Socialist 11 October 2002:

Workers Need Wages Not War

PFI Stinks

Unite To Strike Against Low Pay

Debunking Bush's Lies

The System Isn't Working

Socialism 2002

What Lies Behind Assembly's Collapse?

Who Really Fought Stalin's Dictatorship?

Brazil Elections: Lula Close To Winning Presidency

Brazil: Striking Teachers Face Police Repression


 

Home   |   The Socialist 11 October 2002   |   Join the Socialist Party

Subscribe   |   Donate  




Related links:

PFI:

triangleSheffield Labour council threatens peaceful protesters with prison

triangleNo cuts - hands off King George A&E!

triangleNHS meltdown - fight the Tory cuts

triangleTories wreck our NHS

trianglePlans to bring A-levels back to Knowsley abandoned

Schools:

triangleSchools "can't go any further" - stop the cuts: set deficit budgets now

triangleNasty party imploding...drive out the Tories

triangleOne in four teenage girls depressed - crisis made worse by cuts

triangleSchools and teaching: A perfect storm of cuts, underfunding, excessive workloads and low pay

Coventry:

triangleConference on state spies: who's watching who?

triangleWho's watching who?: The fight for justice, trade union and democratic rights

triangleCoventry: march following racist police killing

Hospitals:

triangleChatsworth ward campaign replies to Tory MP's intervention

triangleTragic death highlights Chatsworth ward closure risk

News and socialist analysis

News and socialist analysis

19/10/17

Refugees

Hundreds of torture victims wrongly detained

18/10/17

Brexit

Tories torn - bin them now

18/10/17

What we saw

What we saw

18/10/17

Food

Obesity epidemic: end food market anarchy

18/10/17

NHS

Tories scrap the NHS pay cap: now fight for real-terms pay rises!

18/10/17

Debt

Young people being strangled by debts

13/10/17

Labour

The end of the Tories?

11/10/17

Tories

Nasty party imploding...drive out the Tories

11/10/17

Black history

The fight against racial discrimination is tied to fighting against capitalist austerity

11/10/17

Housing

Housing crisis: Corbyn's positive measures blanked by Labour's right

11/10/17

Universal Credit

Major attacks 'Universal Credit', half a million more face poverty

11/10/17

Them & Us

Them & Us

11/10/17

NHS

NHS meltdown - fight the Tory cuts

11/10/17

IMF

IMF helps cause inequality it slams

4/10/17

NHS

Tories wreck our NHS

triangleMore News and socialist analysis articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party

triangle19 Oct Arriva North West bus drivers strike over pay

triangle18 Oct Russia, October 1917: When workers took power

triangle18 Oct Tories torn - bin them now

triangle13 Oct The end of the Tories?

triangle11 Oct Nasty party imploding...drive out the Tories

triangle11 Oct CWU fights court attempt to stop national strike

triangle11 Oct The fight against racial discrimination is tied to fighting against...

More ...

triangle19 Oct Waltham Forest Young Socialists: Deaths in police custody

triangle19 Oct Swansea Socialist Party: Spanish revolution 1936-37

triangle19 Oct Cardiff East Socialist Party: Is equality for women possible under capitalism?

triangle19 Oct Wirral Socialist Party: The October 1917 Russian Revolution

More ...

Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

Archive

Archives:

October 2017

September 2017

August 2017

July 2017

June 2017

May 2017

April 2017

March 2017

February 2017

January 2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999

Legal

SP RSS feed RSS

Platform setting: = No platform choice

V2