Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://www.socialistparty.org.uk/issue/537/6141

From The Socialist newspaper, 11 June 2008

Banking on NHS profits

A REPORT from the public accounts committee says that Britain's biggest bank, HSBC, and its investors, have made around 100 million from NHS hospitals. HSBC's subsidiary infrastructure company, HICL, manages NHS hospitals where contractors charge taxpayers inflated bills for simple tasks.

Hospitals are charged 210 for an electrical socket, for example, and 200 to fit a computer socket. Since it was launched in March 2006, the HICL fund, based in Guernsey to save HSBC taxes, has acquired large stakes in 27 private finance initiative (PFI) schemes.

PFI schemes are already far more expensive than publicly funded schemes, having to allow for massive profits but these sub-contracted firms add millions to the NHS's costs. In 2006, 180 million was made by such contractors for expensive extras that a PFI hospital is contractually obliged to use.

The conclusion many people will come to is that the only banks that should be involved in the NHS are blood banks!

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


In The Socialist 11 June 2008:


Socialist Party NHS campaign

Stop the NHS sell-off

Banking on NHS profits

My pain - and privatisation


Anti-racism

Racist BNP have no solutions!


Socialist Party editorial

Will Obama win?

Obama declares victory, and shifts to the right


Socialist Party campaigns

"Anti-terror" laws are no solution


Defend Tommy Sheridan

Stirring rally backs Tommy Sheridan

Unison witch-hunt hits Northern Ireland


Campaign for a New Workers Party

Come to the Campaign for a New Workers' Party Conference

New Labour's parallel universe

Waltham Forest protest

Them & Us


Socialist Party youth and students

Underfunding youth facilities: It makes no sense!


Socialist Party feature

Oil price shock - the chaos of capitalism

Sudan's poor paying the price for oil

Fast news


Socialist Party review

Immortal Technique at the Coronet, London 4 June 2008


Socialist Party workplace news

Usdaw needs a fighting leadership

Organise to fight the public-sector pay robbery

National Shop Stewards Network second conference

Fujitsu workers strike to save jobs

The costs of privatisation

Brighton bus drivers strike


 

Home   |   The Socialist 11 June 2008   |   Join the Socialist Party

Subscribe   |   Donate  




Related links:

NHS:

triangleNottingham hospital black alert

triangleTories raid 1bn from NHS facilities budget - unions must act

triangleChatsworth ward victory shows we can save our NHS

triangleNorth London Socialist Party: Save our NHS - the lessons of the Barts strike

triangleStop press: victory - campaign saves NHS rehab ward

Profits:

triangleAirwave jobs strike

triangleBosses get pay-offs, workers get layoffs

trianglePublic services

PFI:

triangleFailing academy chain strips school assets - end academisation!

triangleCarillion crisis exposes PFI chaos

trianglePrivate profit out of our NHS

Reports and campaigns

Reports and campaigns

22/2/18

UCU

Lecturers strike around country in defence of pensions

21/2/18

Strike

German engineering strike puts shorter week on agenda - but could have won more

21/2/18

Cardiff

Cardiff Refugee Rights gig success

21/2/18

Nottingham

Nottingham hospital black alert

21/2/18

East Midlands

Lively discussion at East Midlands Socialist Party conference

21/2/18

West Midlands

Tremendous determination on show at West Midlands conference

21/2/18

Wales

Successful Socialist Party Wales conference sets tone for the year ahead

21/2/18

Bradford

Bradford protests against kids' service cuts

21/2/18

May Day

May Day, May Day! Celebrate solidarity!

21/2/18

Kirklees

Labour councillors push through savage cuts in Kirklees budget

21/2/18

Salford

Save Salford nurseries!

21/2/18

Caerphilly

Victory: Pontllanfraith leisure centre saved

21/2/18

Council

Northants council crisis - protesters demand an end to cuts and privatisation

21/2/18

Leicester

Leicester Uni makes Tory fee tripler David Willetts chancellor - sack Willetts!

21/2/18

UCU

Bosses divided - university pension strikes can win!

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