Local campaigning group People vs Barts PFI blames the 40-year Private Finance Initiative contract the Trust has signed for the construction and maintenance of the Royal London Hospital in Whitechapel.
Aiming to raise awareness about the scale of the problem, today they are taking an open top bus round East London stopping by a series of PFI locations.
Click through this link or on the image to follow our live coverage:
There are no grand plans to combat unruly PFI contracts in the Conservative manifesto. In terms of the NHS at least, Chancellor George Osborne is promising to put an extra £2bn into frontline health services across the UK.
Myatts Field North was meant to be one of London’s success stories as far as regeneration projects go. “An outdated housing estate” riddled with crime would be remodeled into a “more open, greener and welcoming environment”, Lambeth council put it in 2012.
The old blocks would be demolished to make way for 808 new residential units, while a further 172 existing houses would be refurbished to a modern standard.
All thanks to a £150m Private Finance Initiative (PFI) contract the Lambeth council had entered with a private consortium led by Regenter.
Looking for some action? Here are some of the key activists to follow to keep a close eye on PFI schemes.
1. Alyson Pollack @AlysonPollack is an academic, public health doctor and leading authority on PFI. She supports the NHS Reinstatement Bill 2015 which aims to return the NHS to its founders’ vision of an accountable public service.
Campaign for NHS Reinstatement Bill is non partisan- we would welcome support from MPs and PPCs of all parties @nhsbill2015
A former Economics correspondent for The Guardian, Ashley Seager is the co-founder of Intergenerational Foundation, an independent charity that protects the rights of younger people in policy-making.
Drawing on research by Professor David Parker, the UK Government’s official historian on privatisation, Seager tells us why, in his view, PFI is building up an unsustainable debt for future generations.