The Private Finance Initiative (PFI) ? the use of private funds to
build public sector infrastructure ? began in 1992. Since then it
has been one of the most contentious policies advocated by both
Conservative and Labour governments. After 25 years of costly
failure the policy has now been abandoned by Labour and Tory
parties. 125 British PFIs are NHS projects, which will cost over
?80 billion for buildings built for ?12bn. Many PFI companies are
now owned offshore, paying no tax on profits, while the extra costs
of PFI hang like a millstone dragging down NHS trusts. Unhealthy
Profits explores the theory and practice, costs and consequences of
PFI, how it has spread world-wide, and what can be done about it.
And as a unique case study, it tells the story of the UNISON Branch
in Mid Yorkshire Hospitals Trust that has commissioned the book ?
and fought PFI all the way.
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