Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://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:

triangleFailing academy chain strips school assets - end academisation!

triangleCarillion crisis exposes PFI chaos

trianglePrivate profit out of our NHS

triangleTurn Carillion crisis into movement against privatisation and capitalism

trianglePFI privateers dodge tax

Schools:

triangleTeachers strike again as anti-academy pressure mounts

triangleGCSE grading game stresses out students - even more than before!

triangleStriking back against academies in Newham

triangleCapitalism v cricket

Coventry:

triangleCoventry Socialist sales hit 1,000

triangleConference on state spies: who's watching who?

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

Hospitals:

triangleNorthern health campaigns conference discusses the fightback

triangleNHS we're ready to fight

News and socialist analysis

News and socialist analysis

19/2/18

Election

Usdaw victory - Socialist Party member Amy Murphy wins presidential election

14/2/18

Tamil Solidarity

Tamil youth march for justice

14/2/18

Foreign Aid

Oxfam scandal: we need democratic aid and working class solidarity

14/2/18

TUSC

Building support for Corbyn's anti-cuts policies in the local elections

14/2/18

EU

What we saw: Tory-Blairite EU love-in

14/2/18

Rents

Rent doubles in a decade: cap rents, build council homes!

14/2/18

Public ownership

McDonnell says Labour would put services 'irreversibly' in workers' hands

14/2/18

NHS

We can win the fight for the NHS

7/2/18

Labour

NHS - build the fightback

7/2/18

Labour

Corbyn's left must seize the advantage in Labour's civil war

7/2/18

Haringey

Haringey: now's our chance for a no-cuts council

7/2/18

Refugees

90 feared dead after migrant boat capsizes

7/2/18

Outsourcing

Capita in crisis: bring all outsourcers back in-house

7/2/18

Trump

Trump v NHS

31/1/18

NHS

NHS: use the 3 February protests as a launch pad for a mass movement

triangleMore News and socialist analysis 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: 0191 421 6230

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


February 2018

January 2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999