Tag Archive for Foundation Hospitals

Labour’s legacy of bankrupt hospitals and PFI loan sharks

Back in 2003, six years after the people of Scotland voted to have their own devolved parliament, the Health & Social Care Bill came before the British Parliament.  This bill would introduce, amongst other things, foundation hospital trusts in England.

Insolvency Service LogoThe bill was passed into law as the Health & Social Care (Community Health & Standards) Act 2003 despite a majority of British MPs elected in England voting against it thanks to the votes of British MPs elected in Scotland where health and social care is devolved.  The Health & Social Care Bill is one of two laws passed by the British Parliament since 1997 affecting England only where the matter is devolved in Scotland, Wales and Northern Ireland that would have failed had only MPs elected in England voted on it.  The other one is, of course, tuition fees which were introduced in England with the Higher Education Act 2004.

So, fast forward 9 years since having had foundation hospitals foisted upon us by MPs who we can’t hold to account and the first one has gone bankrupt whilst six others are apparently on the brink.  South London Healthcare NHS Trust is to be put into administration after racking up £69m of PFI debts and with a projected operating loss of between £30m-£75m per year for the next five years.  Six other foundation hospital trusts are also in dire straits financially according to the Telegraph.

So that’s seven foundation hospital trusts that we didn’t want but were forced to have by Labour’s Scottish MPs on the verge of insolvency thanks to massive debts run up under PFI schemes that we didn’t want but were forced to have by Labour’s Scottish Chancellor.  Can anyone explain how Labour has been leading the opinion polls for most of the year?  Oh yeah, the Tories and Lib Dems are equally useless when it comes to public finances, the NHS and the democratic process.