Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://www.socialistparty.org.uk/issue/517/3660

From The Socialist newspaper, 23 January 2008

SNP 'trusts' are PFI in disguise

THE SNP-led Scottish government has published a consultation paper setting out its 'alternative' to the Private Finance Initiative (PFI) and Public-Private Partnership (PPP) schemes in Scotland.

Brian Smith, Glasgow Unison social work services secretary, personal capacity

The government proposes to set up a Scottish Futures Trust (SFT) as a means of raising finance to fund public-sector capital projects such as schools, hospitals, transport links, etc. The SFT will also include housing which was not previously part of the PFI framework in Scotland.

The paper talks about how the limitations on the Scottish Parliament over public borrowing and tax powers, UK fiscal policies and EU constraints hinder "off-balance sheet" approaches to public spending. However the paper welcomes the "involvement of the private sector in infrastructure investment".

The Unison union has responded that the "proposals are in both rhetoric and substance far removed from the 2006 SNP plan" and says that "private profit is still taken out at the contractor level.... This results in the same profiteering and inflexibility inherent in PFI". The Glasgow Herald economics editor suggests "that the picture that emerges bears little resemblance to what was proposed sixteen months ago".

The SFT will be a Scottish-wide private limited company and will raise finance from bonds but will also borrow from commercial banks and private investors. It will basically operate as a single PFI vehicle with public authorities and local councils paying a charge to the SFT for the use of facilities and support services.

The SNP claim this national approach will generate an 'economy of scale' that will be more efficient that the current individual PFI schemes. There is no mention of whether workers will or will not transfer to the private companies under the new arrangements.

The SFT itself will be "non-profit making". However the private-sector companies and banks who have made millions from PFI will still rip off the public sector and get their share of working-class people's taxes through the same overpriced, inflexible contracts and loan repayment charges.

Public-sector workers and Scotland's wider population will soon recognise that there is more that unites the SNP with their Labour predecessors than Scotland's First Minister, Alex Salmond of the SNP, would care to admit.

Whilst the SNP have delivered some small popular changes in the last few months, on the crucial economic issues they remain the servants of big business and the private companies that have sucked the blood out of our public services for years.

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


In The Socialist 23 January 2008:

Why should we pay for capitalist crisis?

Shock of recession draws near


Workplace news

Strike against poverty deals in PCS

Marching behind the Burslem 12


Socialist Party women

New threats to abortion rights


Scotland

Defend Tommy Sheridan

SNP 'trusts' are PFI in disguise


Socialist Party campaign news

Tower Colliery closes: A brave attempt

Post office campaign: Changes in the law to break the poor

Keep Marksbury library open!


International socialist news and analysis

Bolivia at breaking point


Workplace analysis

NUT national executive: Left fighter stopped from standing

More work for less pay


Socialist Party workplace news

Shelter staff under attack from management

Cadburys close Keynsham factory

Council spends thousands fighting workers' pay claims

No more stooge union reps!


 

Home   |   The Socialist 23 January 2008   |   Join the Socialist Party

Subscribe   |   Donate  




Related links:

Scottish National Party:

triangleWhere is Scotland going?

triangleScotland - SNP loses but Labour could've won more

triangleCorbyn could re-win Scotland with a socialist approach to independence

triangleScotland 'indyref2' for socialist independence not the capitalist EU

triangleTUSC: SWP suspends participation in England/Wales

SNP:

triangleElectric atmosphere at Corbyn rally

triangleIndyref 2: SNP fire the starting gun

triangleSNP and Greens agree cuts budget in Scotland

triangleTUSC: To stand or not to stand?

Trusts:

triangleSave our NHS

triangle'Paradise' for billionaires - austerity for us

triangleNHS meltdown - fight the Tory cuts

PFI:

triangleFailing academy chain strips school assets - end academisation!

triangleCarillion crisis exposes PFI chaos

Scotland:

triangleUndercover policing legal challenge

Banks:

triangleCapita in crisis: bring all outsourcers back in-house

Unison:

triangleThreat of action defeats pay cut at Surrey council

Glasgow:

triangleGlasgow jannies win famous victory against council cutters

PPP:

trianglePFI privateers dodge tax

Reports and campaigns

Reports and campaigns

19/2/18

Walthamstow

Building the campaign against clearances of the working class

16/2/18

Haringey

No fudge with the right wing

15/2/18

TUSC

TUSC statement on sentencing of Derby TUSC agent

14/2/18

Haringey

Haringey protests HDV - but Labour fails to kill it off completely

14/2/18

UCU

Uni strike: coordinate public sector fightback

14/2/18

Cardiff

Enjoyable and successful Cardiff Refugee Rights gig

14/2/18

Carlisle

Carlisle debate - socialism or social democracy?

14/2/18

Firefighters

Staines fire services saved

14/2/18

Surrey

Threat of action defeats pay cut at Surrey council

14/2/18

Woolwich

Woolwich Crossrail walkouts to demand promised bonuses

14/2/18

London

Sadiq Khan's bus drivers' London licence doesn't go far enough

14/2/18

Mansfield

Stop press: victory - campaign saves NHS rehab ward

8/2/18

Newham

Teachers strike again as anti-academy pressure mounts

7/2/18

Unison

Unison national women's conference

7/2/18

Royal Mail

Royal Mail forced back under threat of action

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: 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