November, 2011 | Refinancing

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Archive for November, 2011

We’re all paying for Europe’s gift to our aristocrats and utility companies | George Monbiot

November 28th, 2011

Dukes, water companies and wildlife charities will be relieved to know their plunder of farm subsidies under the common agricultural policy can last until at least 2020What would you do with £245? Would you: a) use it to buy food for the next five weeks; b) put it towards a family holiday; c) use it to double your annual savings; or d) give it to the Duke of Westminster?Let me make the case for option D. This year the duke was plunged into relative poverty. Relative, that is, to the three parvenus who have displaced him from the top of the UK rich list. (Admittedly he’s not so badly off in absolute terms: the value of his properties rose last year, to £7bn.) He’s the highest ranked of the British-born people on the list, and we surely have a patriotic duty to keep him there. And he’s a s…

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NHS PFI debts rising by 5pc a year

November 27th, 2011

Taxpayers face paying five per cent more per year for hospitals built under the Private Finance Initiative (PFI) because the debts are linked to inflation, the BBC1 programme Panorama has found. (Source: Telegraph Health)

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For corporate welfare queens and their crystal baths, there is no benefit cap | George Monbiot

November 21st, 2011

Limited liability, offshore secrecy regimes and state handouts ensure those at the top bear none of the costs they inflict on usIn the documentary series which finished on Friday evening, the heiress Tamara Ecclestone set out to prove that she isn’t “a pointless, quite spoilt, really stupid, vacuous, empty human being”. This endeavour was not wholly successful. Channel 5 showed her supervising the refurbishment of her £45m home in London, in which she commissioned a £1m bathtub carved from Mexican crystal, an underground swimming pool complex, her own nightclub, a lift for her Ferrari, a bowling alley with crystal-studded balls and a spa and massage parlour for her five dogs, to save her the trouble of taking them to Harrods to have their hair sprayed and their nails painted. But there w…

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Revealed: the six trusts that need DH support with their PFI

November 18th, 2011

Six hospital trusts have been identified as needing Department of Health cash support with their private finance initiative payments in order to make foundation trust status, HSJ can reveal. (Source: HSJ)

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Exclusive: The six trusts that need DH support with their PFI

November 18th, 2011

Six hospital trusts have been identified as needing Department of Health cash support with their private finance initiative payments in order to make foundation trust status, HSJ can reveal. (Source: HSJ)

Finance News

Osborne outlines PFI reassessment plans

November 15th, 2011

Chancellor George Osborne today announced a “fundamental reassessment” of the government’s controversial private finance initiative, with the aim of cutting costs and improving transparency. (Source: HSJ)

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Hospital workers protest against car park charges

November 9th, 2011

Health workers have protested against a 113% increase in parking charges at a city hospital where the car park is run under a private finance initiative (PFI) arrangement. (Source: Nursing Times Breaking News)

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