Research undertaken by CRESC, Manchester, estimate that the private train companies are taking out £2.47 for every pound they put in.
http://www.theguardian.com/commentisfree/2013/nov/04/rail-privatisation-train-operators-profit
Corporate welfare General
Crime soars under outsourced probation service
Serious crime committed by offenders on parole increased by 50 per cent following the Government’s reforms to the probation service. The official data for England and Wales refers to Further Serious Offence reviews (SFOs). An […]
Corporate welfare General
NHS expenditure on outsourced patient scans: Money that could be money better spent?
Highlighting findings from the Royal College of Radiologists, ‘Clinical Radiology UK Workforce Census 2017 Report’, a recent BMJ news article calls attention to the rising expenditure by the NHS on outsourced radiology patient scans. With […]
Corporate welfare General
Private finance initiative for elderly care in Northamtonshire: A good example of a bad PFI contract.
A recent BBC article has shed light on yet another failed PFI contract – this time, involving elderly care in Northamtonshire. Looking at the results of Northamptonshire’s Stabilisation Plan, the BBC report discussed how the 25-year contract […]