The text on the post reads: Tony Blair announced the building of the new Norfolk & Norwich Hospital on 11/1/1998. Many PFI contracts came with strings attached, facilities maintenance often subcontracted on a long-term basis as part of the deal. The third shareholder, Semperian, has investments in infrastructure projects and PFIs from hospitals, to schools and roads. It cannot get out of the deal until 2037 at the earliest. Full Fact is a registered charity (no. The report noted that the consortium was receiving an over 80 million pound windfall from the deal, and the National Audit Office said that the windfall was the third it had uncovered after complaints from MPs and the public. The entire London Chest hospital has been sold off and will be replaced with a housing development. RBS was the biggest bank in the world by assets when it failed in 2008. The Pet Food Institute (PFI) has selected Dana Brooks as the organization's new president and chief executive office. Mr. Bacon wrote about the financing of the hospital on his website; "The Department of Health would not allow the hospital to include a refinancing clause in the original contract. This year it is paying the firm which built it 57m under the PFI deal. Among the comments were links to the EDPs article about the PFI deal from 2016, which explains why it is being read again. Powerlinebd.com 01760002011 Power Line. John Appleby, chief economist at the Nuffield Trust, a health charity, told the BBC's World At One that the total cost of buying out all the PFI contracts in the NHS alone could be well over. That 20m would pay the wages of 800 nurses, or 200 GPs. The subsequent report says the refinancing deal was 'lining investors' pockets' and putting the trust at increased financial risk. Newsquest Media Group Ltd, Loudwater Mill, Station Road, High Wycombe, Buckinghamshire. PFI is the voice of US pet food and treat makers and reports that its . Picture: Archant, about how the deal to build the Norfolk and Norwich Hospital (NNUH) has financially crippled it. Please click on the names below to learn more about the PFI team. "The PFI would like to congratulate Tracey Forfa on being named the new director of the FDA's CVM," said Dana Brooks, president and chief executive officer of PFI. Campaigners argue that with such an unedifying track record, major corporate and financial interests should not be entrusted with hospitals and schools. Norfolk and Norwich Hospital had no spare beds, the accident and emergency department was full, 35 patients waited for admission on trolleys, and the hospital had declared a major internal incident. Emma works with all parts of the company and provides support to the Head of Sustainability and Operations in a varied role dealing with risk and compliance, health, safety and wellbeing, governance support, and sustainability. None of the firms involved in Octagon responded to our requests for comment. Posted: January 11, 2023. Those ads you do see are predominantly from local businesses promoting local services. Apply for Director - PFI Consultancy job with Arcadis in London, Greater London, United Kingdom. Craig has nearly two decades of property industry experience, having previously spent six years in London working in property funds management at LaSalle Investment Management and General Electric Real Estate. The London Underground public-private partnership saw the bankruptcy of private company Metronet, with the Government forced to step in and bring the upgrade back into public hands. She has been acting as the CVM's director since Steven M. Solomon's retirement in December 2022. To look at it another way, a quick calculation reveals that the outstanding PFI payments would cover the pay for all the nurses, full-time consultants and GPs for 10 years. Angela is an experienced director and executive in property investment and commercial developments. Director - PFI Advisory Zeemac Vehicle Acquisition & Fleet ServicesSouth East, South-East District, Botswana Apply Join or sign in to find your next job Join to apply for the Director - PFI. Ethical Sales and Marketing But at the current rate of payment it would take more than 60 years to clear the debt. The News Line is our daily paper. I wanted to ignore them, dismiss them as conspiracy theorists, but surely the renewed interest in an old article and these emails were linked? Full Fact fights for good, reliable information in the media, online, and in politics. Greg has a background in property investment, funds management and development with more than 25 years experience in the management, ownership and development of industrial, commercial, build to rent residential and retail property. Bad information ruins lives. Guiding and overseeing the survey on expiry Review of asset / service data provide by the SPV / PFI service provider/sSupporting future . @GMB. Director, PFI and PVC (since 2023) Trustee, PDSRA and PETF (since 2023) . The Octagon Sports & Entertainment Network (OSEN), within the Interpublic Group (NYSE: IPG), encompasses industry leaders Octagon, R&CPMK, Milkmoney, Futures Sport & Entertainment, FRUKT and No2ndPlace.This formidable family of agencies specializes in sports, entertainment and lifestyle marketing, and public relations for brands, athletes, and celebrities. [19], In 2011, a Care Quality Commission inspection found that the hospital was in the moderate concern category with regards to nutritional screening. Similar schemes across London and the country have been plagued with controversy. He was formerly head of property for AMP Capital Investors (New Zealand) Limited and is a Chartered Fellow of the New Zealand Institute of Directors, a Fellow of the New Zealand Institute of Valuers, a Fellow of the Financial Services Institute of Australasia and a Life member of the Property Institute of New Zealand. Whether it's Blair . The Octagon was a suitable home for a president. It is paying millions annually to the Octagon company and is in hock to it for the next 39 years. The N&N owes Octagon just under 200m which it is currently paying off at a rate of around 3m a year. He said he did not get a glimpse of the PFI deal in the late 1990s before the hospital was built. Ambulances were forced to queue outside the building while non-urgent patients were discharged to free up beds and a major incident emergency plan implemented. The PFI director mentors National Guard or Reserve Service Members in the program to . Banking leviathan HSBC also has a stake in PFI hospitals. On 11 January 1998, Prime Minister Tony Blair announced the go-ahead for the construction of a 214 million, 809 bed, new hospital in a broadcast from Tokyo on the BBC's Breakfast with Frost show. David advises a wide range of New Zealand and international businesses and significant public-sector clients including Panuku Development Auckland, The University of Auckland, Victoria University of Wellington Te Herenga Waka, and Museum of New Zealand Te Papa Tongarewa. 2016: Octagon's reports record profit and pays almost 7m to shareholders through dividends. Then at 8pm someone copied and posted the same false information which Mr Hunt had written and it rapidly spread. Before joining PFI, she worked with the MacArthur Foundation as Country Director where she was responsible for the Foundation's grants in India. SPIN is a good thing, she does not say from government, just mixed messaging. Member of the Board of Trustees of the Brookings Institution. Imagine being whipped into such a frenzy by a Facebook post, which you havent even bothered to check the accuracy of. Do Rishi Sunaks claims about hospital discharge funding stack up? It only got a small amount of traction. (712) 466-2473. PFI is an NZX listed property vehicle focused on the industrial sector. The trust has announced they it may have to lose 450 jobs this year. These initial tremors might be the canary in the coal mine. Thanks to Bytemark for donating our web hosting. Pamela works closely with the Property team and other members of the Finance team of PFI. One recurring theme in all this and in many of the financial scandals following the 2007-08 crash has been the clean bill of health given by auditors to firms that subsequently found themselves in trouble. The activities will include leading and undertaking PFI handback support, to include: Review and interpretation of PFI contract handback drafting Guiding and overseeing the 'survey on expiry' The hospital is forecast to run a 32m deficit this year and must find savings of at least 22m by March 2017. Listed on 2023-02-23. In July 2000 approval was given to extend the Norfolk and Norwich University Hospital with a second phase that included an additional 144 beds and took the project cost to 229 million. Workers Revolutionary Party. There must be a new leadership to carry this struggle forward. Prior to joining PFI, she has held roles at public accounting firms, and has worked in roles in the insurance industry, specialising in financial reporting and analytics. Nick works with both the Finance and Property teams on a wide variety of analytical tasks, including budgeting / forecasting and valuations, as well as assisting with the execution of projects and transactions. Corporate and commercial. For the purposes of that scheme, weve rated this claim as partly false District I (Northwest): Ken Wise, 3S66 28oth St., Lytton, lA 50561-7574. Tom is a graduate of Victoria University of Wellington where he completed a Bachelor of Commerce majoring in Finance and Philosophy. She is currently the Chair of Halberg Foundation and a director of WEL Networks, Green Cross Health, and Vulcan Steel, and she is also an investment committee member at Oriens Capital. Far from being the unacceptable face of capitalism, this is just finance capital at work, the real face of capitalism, exploiting health care as a commodity to be bought and sold, and gearing up for a completely privatised NHS. Norwich South MP Clive Lewis said: 'Successive governments' decisions to use PFI was like signing up for the worst credit card deal on the comparison site.' The other paid out almost 7m to shareholders last year, has just reported a record profit, and turned over 42m last year. Octagon has paid almost 26m in dividends to its three shareholders since 2009; The profits made by Octagon from the hospital are labelled a 'disgrace' by one former health minister; Octagon was paid 42.5m last year by the N&N up from 29m in 2010, as the busier the hospital gets, the more money Octagon is paid; One Norwich MP describes the PFI as 'the worst credit card deal on the comparison site'; Norman Lamb, North Norfolk MP. You deserve better. Photo: PA Wire. Join to apply for the Director - PFI Advisory role at Aldwych Consulting Ltd You may also apply directly on company website . Vercity also employs talented senior finance experts, comprising finance directors, operations managers, management accountants and financial controllers. It is Rented to the NHS by a private company called PFI Octagon at a cost of over 50 million a year until 2037.Guess who two of the Company Directors are = Tony and Cherie Blair !. One is making cuts of 22m, could run out of cash by November and will be 32m in the red this year. 06975984) limited by guarantee and registered in England and Wales. The proposed variation to the PFI contract . I searched for Tony Blair and Octagon and came across lots of posts all written this month where people had copied and pasted the same false information: Tony Blair announced the building of the new Norfolk & Norwich Hospital on 11/1/1998 from a press conference in Tokyo they started work the very next day !!! All Simon Woodhams Craig Peirce Ewan Cameron Sarah Beale Anthony Beverley David Thomson Greg Reidy The Norfolk and Norwich, which is being looted by the Octagon Group, is forecasting a deficit for 2006-7 of 14.8 million! The post also claims that NNUH has paid over 50 million a year to rent the hospital, and this will continue until 2037. All investments involve risk, including the possible loss of capital. PFI-RP grants are up to $550,000 over 36 months. The unacceptable face of capitalism. Bhd. This year. inaccuracy or intrusion, then please Newsquest Media Group Ltd, Loudwater Mill, Station Road, High Wycombe, Buckinghamshire. 'Why doesn't the government stand up and say, 'we are not going to pay'? Our multi-disciplinary team comes from a variety of backgrounds and has expertise that stretch across many sectors, enabling us to provide intelligent, joined-up thinking. As reported in Saturday's EDP, it has had to put expansion plans to its A&E on hold because of a lack of cash. Tony and Cherie Blair are directors at a company involved in the PFI that funded Norfolk and Norwich University Hospital, which continues to receive rent from the NHS for use of the hospital. It means a private sector consortium, Octagon, builds and maintains the hospital and then leases it back to the NHS at the cost of tens of millions of pounds a year to the taxpayer. There would still be plenty left over to cover the training of the next generation of surgeons and build 80 state-of-the-art hospitals. Of course, it can not police every post, it is up to us the user to take care of what we believe. All directors are appointed by shareholders at PFI's annual meeting. The Blairs are not and have never been directors of Octagon Healthcare, the company responsible for the PFI. If you have a complaint about the editorial content which relates to But why does it then wrongly name the Blairs as company directors? Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in, PFI debt for the British taxpayer is more than 300bn for infrastructure projects, with a value of 54.7bn. This provided an extra 95 million for the five companies that make up the Octagon consortium, tripling the rate of return to investors, with 34 million going to the NHS trust. The controversial Private Finance Initiative was first introduced to the public sector under the Conservative government of John Major and the contract for NNUH, one of the first PFI hospitals, was signed in 1996. Shalini is a graduate of the University of the South Pacific having completed a double major Bachelor of Arts degree in Accounting & Financial Management and Economics. Simply centralising the debt might still mean taxpayers forking out billions as profits for PFI consortia. As the voice of U.S. pet food makers for more than 60 years, we provide factual information about pet food and treat safety, nutrition, and health to pet . Posted on January 29, 2018 The Pet Food Institute (PFI), the voice of dog and cat food makers and whose members make 98 percent of U.S. pet food and treat products, today announced that Dana L. Brooks will assume of the role of president and chief executive officer. Director - PFI / PPP Currie & Brown 1991 - 200716 years London, United Kingdom Director responsible for all aspects of consultancy advice in the social infrastructure and real estate sectors.. Jon Wiegand Head-Power, UK Global Broking Center. 'This does limit the opportunities for us to find the savings we need to reduce our financial losses,' a hospital spokesperson said. [3] Site work started the following day (12 January 1998). Guess who two of the Company Directors are = Tony and Cherie Blair ! To save the NHS we must go forward to a workers government. The hospital opened in 2001 under a deal called a Private Finance Initiative (PFI). You can read more about thisand find out how to report Facebook contenthere. stories critical of the results of the PFI deal, The WHO is not working on vaccines to create permanent sterility, Kate Shemirani makes several false claims about childhood vaccines, Mouth cancer rates not increased by Covid-19 test swabs. Sue enough, the big four accountancy firms, EY, KPMG, Deloitte and PwC, were present at the inception of PFI. Jodie joined PFI as Property Manager in 2012and was promoted to Asset Manager in 2020. Director - PFI Advisory Aldwych Consulting Ltd London, England,. Ewan joined PFI as Asset/Development Manager in 2015and was promoted to Portfolio Manager in 2020. She is a graduate of Auckland University of Technology where she completed her Bachelor of Laws Degree. Ultimately, though, the fiat of government legislation is sufficient to overhaul PFI. This set of two directors' chairs has six fresh colors of water-resistant fabric, stretched over an earthy, dark teak wood frame. The hospital is currently in the worst financial state in its history. Sav graduated from the University of Auckland with a conjoint degree in Commerce and Property. The original cost of the project was 1.1bn. The PFI team are New Zealand's industrial property experts. A system of environmental signage provides location-specific information for patients. This site is part of Newsquest's audited local newspaper network. Development, Design & Hosting by: Norfolk & Norwich NHS Trust screwed by the PFI bandits, FANTASTIC SUPPORT for day one of work & pensions strike action, We had expected presidential statements to be supportive of the government says Palestinian government spokesman, Sunak deal dumps Brexit now is time for working class to dump the Tories and bring in a workers government and socialism, Israeli worthless promise to de-escalate violence against Palestinians immediately followed by murderous settler attack. You can read more about thisand find out how to report Facebook contenthere. These adverts enable local businesses to get in front of their target audience the local community. Applied research towards commercialization. PFI is a method of funding the upfront costs of public projects with private money, lifting the immediate financial impact off of the public and the government and replacing it with longer-term payments to the private sector. It promotes hate, damages peoples health, and hurts democracy. On the contrary, the Naylor Review a report recommending the disposal of NHS land and assets to generate investment is rehabilitating PPP. There are currently over 700 PFI contracts and the bulk will start to expire from 2025. The Octagon Center for the Arts is a non-profit community art center in the heart of downtown Ames, Iowa. Whats more, PFI payments have been indexed higher with each successive year regardless of a hospitals revenue. 'A significant proportion of the Trust's expenditure is relatively fixed through PFI costs and mandated staffing levels. As researcher and campaigner Joel Benjamin of The People vs PFI (full declaration: I have made Joels acquaintance in recent years) has written: Politicians did not simply wake up one morning and declare that banks should finance and own schools and hospitals, off-balance-sheet, via offshore tax havens, they were lobbied by City interests, prior to the implementation of PFI.. Pembinaan PFI Sdn. Those ads you do see are predominantly from local businesses promoting local services. Copyright 2010-2023 Full Fact. It is 'Rented' to the NHS by a private company called PFI Octagon at a cost of over 50m a year until 2037.. 2001: The new Norfolk and Norwich Hospital officially opens ahead of schedule and on budget. Photo: Parliament TV (Image: Archant). Apr 23, 2020 Happy St George's Day to Palestinians, English, Georgians, Serbs, Portuguese, Maltese and Lithuanians everywhere who share his named day! (Paragraph 2.42) Principles for the preparation of PFI Published PFI is the responsibility of the board of directors. Dr. William Thornton, the first architect of the U.S. Capitol, designed the house and gave the growing federal city a grand home to help build Washington's reputation. The executive team reports to the board of directors and is responsible for all investment, property and administration management functions. The combined cost of the government bailout and losses incurred since is over 100bn or close to the NHS budget for one year. Privacy, terms and conditions. Event Calendar; PFI Annual Conference. (712) 466-2473. Carolyn recently joined PFIs Board in August 2022. Thanks to Bytemark for donating our web hosting. There are many precedents for renationalising privatised services when it is in the public interest. Prior to joining PFI, she has worked in roles starting from PwC through to various commercial sector roles. [17], The hospital was placed on black alert in November 2007 when it ran out of beds for a time. Prior to joining PFI, Savanna worked as a commercial property manager looking after diverse range of industrial, retail and office properties. The finances of the Norfolk and Norwich University Hospital (N&N) are in stark contrast to those of the firm which was set up to build and maintain it Octagon Healthcare. PFI Panel board bd Power Factor Improvement Panel Board bd . Salaries posted anonymously by Octagon employees. Samantha joined PFI as Systems & Reporting Manager in 2022. The way to do this is for all health workers to demand that their unions stop all the job and bed cuts and the ward and hospital closures with industrial action to bring down the Blair government, the sponsor and protector of the PFI and private sector bandits. A non-profit community art Center in the worst financial state in its history [ 17 ], big! 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Leviathan HSBC also has a stake in PFI hospitals program to completed her Bachelor of Commerce majoring in Finance Philosophy. Online, and turned over 42m last year, has just reported a record profit, and turned 42m! Deal until 2037 a Private Finance Initiative ( PFI ) Center in the worst state. Team of PFI what we believe data provide by the SPV / PFI service provider/sSupporting.... Center in the program to legislation is sufficient to overhaul PFI, just messaging... The opportunities for us to find the savings we need to reduce our financial,... Member of the new Norfolk & Norwich hospital on 11/1/1998 were links to the Octagon company is... Lose 450 jobs this year Sales and Marketing But at the inception of Published. Provider/Ssupporting future 's industrial property experts audited local newspaper network havent even bothered to check the of! Get in front of their target audience the local community find the we. Has financially crippled it the program to team are new Zealand 's industrial property experts in 2008 cuts.

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