Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://www.socialistparty.org.uk/issue/467/1893

From The Socialist newspaper, 15 December 2006

QEH Hospital - a victim of privatisation

THE DIRE financial crisis facing Woolwich's Queen Elizabeth Hospital (QEH) hit the national press headlines this week. Although "well managed" according to the guardian's sources the hospital is facing the biggest deficit of any NHS trust in England.

Roger Keyse

But the reasons for the hospital's difficulties aren't hard to find. The QEH was one of the first hospitals built using funds from a Private Finance Initiative (PFI) privatisation scheme - its doors opened in 2001. So it's locked into a 'deal' that costs it about 9 million more to run each year than if it had been built using money borrowed from the government!

QEH's financial position is also sharply worsened by the government's 'resource and accounting budgeting' system (RAB). Applying this bizarre and punitive set of rules massively added to the hospital's official deficit.

In the grip of this PFI and RAB straitjacket QEH's financial situation deteriorated rapidly. A deficit of 37 million is expected in 2006/7, its accumulated deficit is due to reach 65 million by the year end. Its Chief Executive concedes that in commercial terms the hospital is insolvent.

QEH's top brass acknowledge that government policies caused its deficits, nevertheless they pushed ahead with damaging cuts to try to balance the books. 11 million was slashed from this year's budget - 153 posts were axed and 29 staff lost their jobs. And now the trust chairman says the hospital faces another 'extraordinarily hard' financial year ahead. Further cuts of over 6 million are already planned.

Local people are angry at these attacks and at the news that a so-called Independent Sector Treatment Centre is being proposed in this area. This could further destabilise and undermine the QEH's financial position whilst making the private contractor involved millions of pounds in profits.

But the local campaign to defend the NHS is growing. A recent well-attended public meeting organised by Greenwich Keep Our NHS Public unanimously demanded the government fully fund the QEH's financial deficits.

Everyone saw that the NHS is under major attack just about everywhere - so the meeting also unanimously backed the call for a national demonstration, preferably on 3 March, and pledged to work for the maximum possible turnout from the area.

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


In The Socialist 15 December 2006:

NHS Crisis: Turn anger into action

Teachers support day of action against health cuts

QEH Hospital - a victim of privatisation

NHS news


War and terrorism

Frankenstein kills out of control monster


Violence against women

Ipswich murders lifts lid on violent world


Workplace news and analysis

PCS: Vote 'Yes' against job cuts and low pay

Heroic struggle scores victory for Visteon workers

Victory for Glasgow's Council Workers in the Fight for Protection


Special feature

Privatisation, but not as we know it


Socialist Party Marxist analysis

The wealth gap widens


International socialist news and analysis

Good riddance to the 'butcher of Chile'


Obituary

JOHN HAMILTON Blairites re-write history


Socialist Party news and analysis

Private companies rule - and ruin

BNP fiasco but vigilance essential


Workplace analysis

TWGU merger: Build a fighting union

Mass meeting prepares for action

Protesting against fare increases

Leeds workers on strike to defend pensions


The Socialist Xmas quiz

The Socialist quiz


 

Home   |   The Socialist 15 December 2006   |   Join the Socialist Party

Subscribe   |   Donate  




Related links:

Privatisation:

triangleLeeds TUSC: How can we stop NHS cuts & privatisation?

triangleLeeds TUSC: How can we stop NHS cuts & privatisation?

triangleLeeds TUSC: How can we stop NHS cuts & privatisation?

triangleMay elections: a chance to fight attacks on health and social care

triangleYork: Stop NHS Privatisation meeting

Hospital:

triangle1,400 beds empty as patients lay in corridors: health unions must act now

triangleUnions condemn 'culture of bullying' at Merseyside hospital

triangleHands Off HRI campaign granted judicial review

triangleHands Off HRI campaign group meets Corbyn and Ashworth

NHS:

triangleSheffield Socialist Party May Day meeting

triangleThe Socialist inbox

triangleSave our NHS candidate contesting South Yorkshire mayor election

PFI:

triangleSheffield tree fellings paused as bully Labour council feels pressure

triangleNHS: public health - not private profit

Reports and campaigns

Reports and campaigns

23/4/18

Hull

College protest against job losses

22/4/18

Bromley

Bromley library workers win strike campaign

18/4/18

UCU

UCU members vote to end pensions dispute

18/4/18

Usdaw

Usdaw conference 2018: time for new era of fighting trade unionism

18/4/18

Leeds

Victorious Fearnville Fields campaigners thank the Socialist

18/4/18

Hull

Hull says no to war, no to austerity

18/4/18

The Socialist

The Socialist - a fighting, campaigning, workers' paper

18/4/18

Socialist Party

Building fund: 150,000 milestone smashed!

18/4/18

Fighting Fund

Give us your change (and more) to fight for system change!

18/4/18

Scotland

Workers' victory over anti-union Scottish council

18/4/18

Newham

Avenue School strikers and parents win judicial review

18/4/18

PCS

Vote for a left, fighting PCS leadership

18/4/18

PCS

PCS rejects Acas offer - further strikes announced

18/4/18

Bromley

Bromley libraries - indefinite strike action continues

18/4/18

Butterfields

Butterfields tenants join TUSC campaign

triangleMore Reports and campaigns articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party
Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

LATEST POSTS

CONTACT US

Phone our national office on 020 8988 8777

Email: info@socialistparty.org.uk

Locate your nearest Socialist Party branch Text your name and postcode to 07761 818 206

Regional Socialist Party organisers:

Eastern: 0798 202 1969

East Mids: 0773 797 8057

London: 020 8988 8786

North East: 0784 114 4890

North West 07769 611 320

South East: 020 8988 8777

South West: 07759 796 478

Southern: 07833 681910

Wales: 07935 391 947

West Mids: 02476 555 620

Yorkshire: 0114 264 6551

ABOUT US

ARCHIVE

Alphabetical listing


April 2018

March 2018

February 2018

January 2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999