Thursday, October 12, 2006

A PFI You Might Like!!

Many people are sceptical over Private Fiance Initiative (PFI) as to its cost and the fact that the Private Sector profit out of public goods with a reliable income stream for 30 or more years that is now refinanced and traded.

However there does seem to be an emerging form of PFI where money is recycled within different parts of the public sector through local authorities bidding to provide services for other parts of the public sector

Tory controlled Huntingdonshire District Council, for example, has opened a 6.5 million health centre which the local PCT will lease back from the Council. Any "profit" the Council makes can either be reinvested in services or passed back to the public through a lower Council Tax.

This is the sort of idea we should be looking for regarding the Wallington/Shotfield Local Care Hospital and the Malden Road Baths sites.

Maybe the senior PCT staff soon to be setting up their desks at the Civic Offices can have a look at this?

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