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Pembinaan PFI Sdn. District 2 (North Central): Mark Tjelmeland, The hospital says the PFI contract means its buildings are maintained to a high standard for the lifetime of the contract and they are also refurbished regularly. He then practiced law in Wellington and London, before returning to Buddle Findlay in 2000 and becoming a partner of the firm in Auckland in 2002. Copyright 2010-2023 Full Fact. Guess who two of the Company Directors are = Tony and Cherie Blair ! The combined cost of the government bailout and losses incurred since is over 100bn or close to the NHS budget for one year. The hospital was reportedly the biggest built using a PFI contract at the time. Do you have a story for the investigation unit? 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. . Yet there is also an aesthetic and functional brutalism with labyrinthine corridors and sunless, windowless rooms. . Nicked from a FB Friend, he wrote, before sharing that same false information. 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 PFI costs take up around 10pc of its annual budget. 'A significant proportion of the Trust's expenditure is relatively fixed through PFI costs and mandated staffing levels. A Department of Health spokesperson said: 'We provide advice and consultancy on PFIs to individual trusts across the country, making savings on their current contracts.'. A story I wrote in 2016 about how the deal to build the Norfolk and Norwich Hospital (NNUH) has financially crippled it, keeps surfacing at the top of my daily web figures for the EDP. Privacy, terms and conditions. Listing for: ALDWYCH CONSULTING LTD. Full Time position. False information has been spread by thousands of people on Facebook, wrongly linking the Blairs to the company behind the PFI contract at the NNUH. There must be a new leadership to carry this struggle forward. Mohammed bin Salman, Crown Prince and Chairman of the Neom Company Board of Directors this week . A report to the N&N's board warns it may struggle to find savings. The Blairs are not and have never been directors of Octagon Healthcare, the company responsible for the PFI. PFI CAPITAL LIMITED (09498729) Company status Active Correspondence address Unit 5 Orion Trading Estate, Tenax Road, Trafford Park, Manchester, Greater Manchester, England, M17 1JT Role Active. The fees paid by the Trust are partly rent for the buildings, interest on its loan and partly fees for services such as cleaning, maintenance and gardening. [21], In March 2014 the N&N, Norfolk's biggest hospital, marked two years of being MRSA free. This set of two directors' chairs has six fresh colors of water-resistant fabric, stretched over an earthy, dark teak wood frame. The hospital opened in 2001 under a deal called a Private Finance Initiative (PFI). RBS was the biggest bank in the world by assets when it failed in 2008. Then at 8pm someone copied and posted the same false information which Mr Hunt had written and it rapidly spread. Meanwhile, dividends to Octagon's shareholders were up 35pc last year from just under 5m in 2014 and have increased by 700pc since 2013 when they were 834,000. She has been acting as the CVM's director since Steven M. Solomon's retirement in December 2022. 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. That this is completely unacceptable and has to be dealt with is obvious. And it now looks like they might be brought in to administer the last rites. The N&N, which is in financial special measures, estimates it is paying Octagon 57m this year. Its chief executive, Alan Birch, has previousy defended PFIs. However, repayments will reach 7.1bn by 2049. Various executives from big banks appeared on secondment. Weightmans LLP > The Legal 500 Rankings Dispute resolution > Professional discipline Tier 1 Further to its June 2022 merger with RadcliffesLeBrasseur LLP, Weightmans LLP's large I also wanted to know why they thought the former PM was profiting from the private finance initiative (PFI) deal which funded the NNUHs construction in 2000. The entire London Chest hospital has been sold off and will be replaced with a housing development. Ewan has a valuation background and is a graduate of both Lincoln and Cambridge University. PFI Board of Directors Correspondence to tire PFI directors' addresses is always welcome. This was true as of the year 2017-2018, with payment charge for that year recorded as 59 million. Thanks to Bytemark for donating our web hosting. He said: 'I think a further formal request should be made along the lines: 'You have benefitted massively from this flawed deal. Craig is a graduate of Auckland University and is a Chartered Accountant, having trained as an auditor at PwC. He is currently a Director of Tainui Group Holdings Limited, Air New Zealand Limited, and Port of Tauranga Limited and is a member of the Executive Board of the Halberg Foundation. Semperian Executive Emma Lancaster Managing Director of Assurance Services Becky Brunt Managing Director of Business Support Alan Birch Chief Executive Officer Andrew Rhodes Deputy Chief Executive Jonathan Simpson Chief Finance Officer Gary Brown Chief Operating Officer Richard Little Chief Investment Officer Colin Anderson Group Counsel Ewan joined PFI as Asset/Development Manager in 2015and was promoted to Portfolio Manager in 2020. These initial tremors might be the canary in the coal mine. Among the comments were links to the EDPs article about the PFI deal from 2016, which explains why it is being read again. 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. As Alan Milburn the former Labour Health Secretary described by Private Eye as an almost maniacal convert to PFI put it: Its PFI or bust.. NNUH was the first new NHS teaching hospital built in England for more than 30 years and the hospital trust is a partner with the University of East Anglia in the delivery of courses. 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.. Event Calendar; PFI Annual Conference. Simon was appointed as Chief Executive Officer of PFI in January 2019. Norwich and Norfolk University Hospitals Foundation Trust pays Octagon for use of the hospital and some maintenance fees. About Octagon. 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. Prior to joining PFI, Nick spent four years at ASB Bank in various planning, forecasting and analysis roles. Carolyn recently joined PFIs Board in August 2022. May 8, 2020. Sir Howard Davies, chairman of the Royal Bank of Scotland (RBS), recently made an astonishing admission on BBC1s Question Time when he stated that private finance initiatives (PFI) had been a fraud on the people. We have also tried to contact Octagon's director. This material is for informational and educational purposes only and should not be construed as investment advice or an offer or solicitation in respect of any products or services to any persons who are prohibited from receiving such information under the laws applicable to their place of . contact the editor here. Innisfree a fund management company in the City of London is amongst the biggest players in the PFI market. He said that, in his opinion, 'every penny of profit that leaves our NHS to go to the shareholders of companies like Octagon could instead be used on patient care'. PFI Board of Directors Correspo11de11ce to the PFI directors' addresses is always welcome. All directors are appointed by shareholders at PFIs annual meeting. Barts Health eventually ran into financial dire straits and was put into special measures by the Care Quality Commission in 2015. Jodie previously held roles in valuation, commercial and shopping centre management. The PFI contract was entered into on 8.1.1998 for a duration of 60 years at an estimated value of 144 000 000 GBP with Octagon. Photo: Parliament TV. As a subscriber, you are shown 80% less display advertising when reading our articles. Job in Hove - England - UK , BN3. To put it into perspective, the PFI debt is four times the size of the budget deficit used to justify austerity. For a golden period, Gordon Browns apparent vanquishment of boom and bust kept any problems in check. 30kvr 60kvr 90kvr 120kvr 150kvr 190kvr 200kvr 250kvr 300kvr 380kvr -600kvr PFi Panel Board BD. All 100% Facts = Google them. Photo: Jonathan Brady/PA Wire, The Norfolk and Norwich University Hospital. Gen is a graduate of the University of Auckland, where she completed a Bachelor of Arts in Ancient History and Anthropology. Beyond seemingly populist rhetoric, the real story of PFI reveals that RBS alongside other global banks, notably HSBC, were instrumental in what Sir Howard has effectively labelled a great heist. Ewan is responsible for leading the team that manages PFI's property portfolio. Today's report draws on a survey of public authorities managing PFI contracts, 2 who are largely local bodies such as NHS trusts and local authorities. 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 !. Its restructuring entailed redundancies for hundreds of staff and down-banding of others. You can read more about thisand find out how to report Facebook contenthere. Anthony is a professional director and consultant, consulting to both the private and public sector on a wide variety of property matters. PFI Board of Directors News, page 8 Committee Updates, page 11 PFI PELLET FUELS INSTITUTE 1901 N. Moore St., Suite 600 Arlington, VA 22209 (703) 522-6778, FAX: (703) 522-0548 www.pelletheat.org 2012 Issue #2 President's Message As we draw closer to the end of summer, a few important Sure enough, there is some evidence of the tide turning. 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. The process is simple and we do most of the work. 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. Same goals than PFI-TT. One man even threatened to kill the Blairs because of this untrue post. This is to boot the PFI robbers out of the NHS, along with the rest of the private sector. As a result, only specific contractors are allowed to change or fix certain equipment or fittings, such as a plug socket or a light bulb. Philip Green, the long-serving chairman, is named, as are Alison Horner (once head of Tesco's Asia division), Andrew Dougal and Ceri Powell. Jesus Soriano, Program Director, pfi@nsf.gov, (703) 292-7795 Katie Bratlie, Program Director, pfi@nsf.gov, (703) 292-2638 Samir Iqbal, Program Director, pfi@nsf.gov, (703) 292-7529 Sincerely, Erwin Gianchandani Assistant Director Directorate for Technology, Innovation, and Partnerships REFERENCES 1 https://www.nature.com/articles/d41586-021-03045-w All you have to do is review . Inevitably, this raises pressing questions as to what kind of resolution might emerge when there are so many entangled vested interests. However this plays out, it looks like the stage is set for the final act of the PFI story. Chairman of Imperial College Healthcare Sir Richard Sykes has previously pointed out that Barts Health is paying over 100m in interest a year before they see a single patient. Ive been getting some weird emails recently. Ultimately, though, the fiat of government legislation is sufficient to overhaul PFI. 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. THE Octagon private sector consortium has been branded the unacceptable face of capitalism by a House of Commons committee. However, it is not true that Tony or Cherie Blair are, or have ever been, directors of the companies that make up the Octagon Healthcare Group. District 2 (North Central): Mark Tjelmeland, [15], Between 2002 and 2006 the hospital saw 65 patients die from Methicillin-resistant Staphylococcus aureus (MRSA), making it one of the ten worst hospitals in the United Kingdom in terms of deaths from the superbug. She astutely points out the great irony that PFI was once hailed as the largest NHS hospital-building programme; in fact it is likely to end up becoming the largest hospital closure programme. All 100%. 2023 PFI Annual Conference; 2022 PFI Annual Conference; 2021 PFI Annual Conference; 2020 VirtuallyPFI Online Conference; 2019 PFI Annual Conference Photos Facebook shows people information which is the most liked or shared not which is the most accurate. Registered in England & Wales | 01676637 |. Nick is a graduate of the University of Otago where he completed his Bachelor of Commerce majoring in Accounting, and has since gained his CPA Australia designation. Golf Clients . Total UK PFI debt for the taxpayer is over 300bn for infrastructure projects with a value of 54.7bn. That includes 20.7m in operating expenses and 29m in non-operating expenses the lease, interest and financing the debt to Octagon. Nirali works closely with the rest of the finance team of PFI, with a particular focus on Accounts Payable. Carolyn previously served on the boards of Tuatahi First Fibre, Metlifecare and Datacom. Before joining PFI, she worked with the MacArthur Foundation as Country Director where she was responsible for the Foundation's grants in India. The N&N is about 3pc of its portfolio. Whats more, PFI payments have been indexed higher with each successive year regardless of a hospitals revenue. Haringey Councils public-private partnership with construction and property giant Lendlease appears on the brink of collapse after Labours National Executive Committee intervened. The ballast sides support your arms while making it easy to fold the chair away when not in use. The Octagon was a suitable home for a president. The hospital under construction at Colney in 2001. Nick joined PFI in 2018 as a Senior Analyst and was promoted to Financial Planning & Analysis Manager in 2020. It was a persuasive argument which seduced many. It meant 33.9m of funds would be released to the hospital, but the minimum repayment term was extend from 30 to 35 years, meaning it could not get out of the contract and payments to Octagon until 2037 at the earliest. This year it is paying the firm which built it 57m under the PFI deal. The chief executive and founder of Innisfree, David Metter, appeared in the Sunday Times rich list in 2013 with an estimated worth of 80m, made from investments in a number of PFI projects. For Professional Investors only. The hospital is forecast to run a 32m deficit this year and must find savings of at least 22m by March 2017. Pamela joined PFI as Finance Manager in 2020. 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. Jon Wiegand Head-Power, UK Global Broking Center. Jesus Soriano, Program Director, pfi@nsf.gov; (703) 292-7795 Katie Bratlie, Program Director, pfi@nsf.gov; (703) 292-2638 Samir Iqbal, Program Director, pfi@nsf.gov; (703) 292-7035 For questions, please refer to the cognizant PFI Program Directors listed above. Simply centralising the debt might still mean taxpayers forking out billions as profits for PFI consortia. [14] The Consortium lengthened the NHS's repayment term from 34 to 39 years, but raising their own rate of return from 16 to 60 per cent. It mutated into a taskforce inside HM Treasury and was eventually rebranded as Partnerships UK. The Blairs are not and have never been directors of Octagon Healthcare, the company responsible for the PFI. 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. 'The refinancing will release significant resources for the NHS in central Norfolk,' said a press release from the N&N at the time. Tom works with both the Finance and Property teams on a wide variety of analytical tasks. It hopes to pay Octagon off by 2037 the earliest opportunity it has to end the contract. Director - PFI Advisory. Managing Director, Octagon Financial Services Talent + Properties Simone Errey Managing Director Marketing Australia James Logan Head of Client Services Marketing UK Marianne Rotole Executive Vice President, Client Services Marketing North America Ross Chouler Head of U.S. Editors' Code of Practice. The activities will include leading and undertaking PFI handback support, to include: Review and interpretation of PFI contract handback drafting. These adverts enable local businesses to get in front of their target audience the local community. Director - PFI Advisory Aldwych Consulting Ltd London, England,. You deserve better. However, it suggests that privately financed hospitals are potentially anticipating something else the expansion of private healthcare. 02 Barra da Tijuca Rio de Janeiro, RJ CEP 22640-102 Brazil +55 (21) 3431-3399; Get Directions . Another 7.2m, does not appear in the trust's accounts but the hospital said it is paid as an addition to the 'life cycle maintenance' of the PFI. Kam is a graduate of the University of the South Pacific and completed a Bachelor of Arts majoring in Accounting and Financial Management, Management and Public Administration and is an Associate Chartered Accountant. Salaries posted anonymously by Octagon employees. This figure may certainly prove to be questionable. The Norfolk and Norwich University Hospital (NNUH) is a large National Health Service academic teaching hospital in the Norwich Research Park on the western outskirts of Norwich, England. These have seen rates of return, double, treble and even quadruple. 1158683) and a non-profit company (no. Prior to joining PFI, Savanna worked as a commercial property manager looking after diverse range of industrial, retail and office properties. September 2003 National cancer director Professor Mike Richards formally opened the 20 million Colney Centre for Oncology and Haematology patients at the Norfolk and Norwich University Hospital. It looms over the ruins of the crumbling Victorian hospital made famous in David Lynchs film The Elephant Man. It later transpired that the process of bringing in PFI had not exactly been transparent. 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 new borrowing was at a lower rate of interest and over a longer period, leaving the hospital committed to lease payments for 39 years instead of the original 34, while Octagon increased its rate of return from 19 per cent to 60 per cent. Carolyn has a background in investment management, capital markets and mergers and acquisitions, having spent six years as a portfolio manager at the Guardians of New Zealand Superannuation, and ten years prior to that in investment banking at Forsyth Barr and First NZ Capital / Credit Suisse. All investments involve risk, including the possible loss of capital. She previously served as a director of Providence Health from 2019-2021, Noora Health from 2018-2021, YWCA of Nashville and Middle Tennessee from 2016-2022, and CARE from 2001-2013. . Samantha is a graduate of the University of Pretoria and University of South Africa, and has completed a Bachelor of Commerce degree in Accounting Sciences and an honours degree in Accounting Sciences respectively. Mr Lamb called on the government to look at buying its way out of the 'dreadful deals' made under PFIs. Pamela has completed a Bachelor of Commerce degree from the University of Auckland and is a Chartered Accountant. Other regulatory action awaits, with ongoing. SPIN is a good thing, she does not say from government, just mixed messaging. Sarah works with all parts of the company on a variety of matters including sustainability, risk management, compliance, and company secretarial. Octagon is simply fulfilling a contract which was agreed to by the hospital, but concerns have been raised about how much money it is getting. 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. A Gannett Company. The text on the post reads: Tony Blair announced the building of the new Norfolk & Norwich Hospital on 11/1/1998. Octagon were required to design, construct, operate and finance Norfolk and Norwich University Hospital and to provide facilities management services. Nirali is currently on maternity leave until September 2023. 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.' Corporate and commercial. "[11], In 2006/07, the trust projected a savings target of 14.8 million but recorded a surplus of 867,000 by the end of the same financial year. Requires an industry partner. My comment telling them theyve got it wrong, will be lost amid the 500 comments and anyway it is too late. 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. 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 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 !. Shalini works closely with the rest of the finance team, with a particular focus on Accounts Payable. Then, two people got in touch to ask me if it was true Tony Blair is making millions of pounds from that deal. 'When it was first proposed, Frank Dobson (the then health secretary) told us it was signed, sealed, delivered. It has investments in 57 projects, worth 17.3 billion, according to its website. So, we have to do that. Jesus Soriano, Program Director, pfi@nsf.gov, (703) 292-7795 Katie Bratlie, Program Director, pfi@nsf.gov, (703) 292-2638 Samir Iqbal, Program Director, pfi@nsf.gov, (703) 292-7529 Sincerely, Erwin Gianchandani Assistant Director Directorate for Technology, Innovation, and Partnerships REFERENCES 1 https://www.nature.com/articles/d41586-021-03045-w Tom is a graduate of Victoria University of Wellington where he completed a Bachelor of Commerce majoring in Finance and Philosophy. Data returned from the Piano 'meterActive/meterExpired' callback event. Octagon has a 60-year contract with the hospital to provide it with those non-clinical services. Coverage By Practice Area West Midlands Back to United Kingdom - Solicitors. Guiding and overseeing the survey on expiry Review of asset / service data provide by the SPV / PFI service provider/sSupporting future . A PFI panel was set up by Chancellor Ken Clarke as early as 1993. Photo: Archant, Norman Lamb, North Norfolk MP. Rodrigo holds a property degree from Lincoln University and has over 12 years of experience, with the last five years specialising in the management of syndicated properties across New Zealand. The majority shareholder in Innisfree is Jersey-based Coutts & Co, which in turn is part of the RBS group. [2] The university hospital replaced the former, Norfolk and Norwich Hospital, which was founded in 1771, and the West Norwich Hospital. 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 . [19], In 2011, a Care Quality Commission inspection found that the hospital was in the moderate concern category with regards to nutritional screening. If you are dissatisfied with the response provided you can The policy was first implemented under John Majors government and continued by Tony Blairs government. I was against it in principle,' he said. 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. This meant the hospital had no right to receive any proceeds from the refinancing at all, let alone the 29% share it eventually secured. 'Why doesn't the government stand up and say, 'we are not going to pay'? Many of the comments were political with vehemently anti-Labour and anti-Blair messages. The estimated base pay is $107,006 per year. She is also a Chartered Accountant (South Africa). Estimates as far back as 2004 predicted taxpayers, through the N&N, will pay Octagon more than 1 billion nearly five times the 229m cost of building and opening the hospital. After all, while there have been exceptional cases in which hospitals have bought out PFI contracts this is not feasible for larger PFI deals, such as that involving Barts Health, without the backing of government. 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. The Blairite Third Way would somehow square the circle by delivering new schools, hospitals, roads, railways and prisons without the debt or inefficiency of the public sector. The unacceptable face of capitalism. Providing technical leadership to grow the teams capability. The finance director will support the finance department's growth and day-to-day activities by: Indeed, the National Audit Office has recommended that the Government should have the power to cancel contracts which are not providing value for money. Shop Similar at AMAZON. The Pet Food Institute (PFI) has selected Dana Brooks as the organization's new president and chief executive office. It is important that we continue to promote these adverts as our local businesses need as much support as possible during these challenging times. Editors' Code of Practice. None of the firms involved in Octagon responded to our requests for comment. 2003: The hospital 'refinances' its PFI deal with Octagon. [6], It is one of a small number of Accident and Emergency departments to benefit from Pearson Lloyd's redesign - 'A Better A&E' - which reduced aggression against hospital staff by 50 per cent. contact the editor here. He is not. ASSISTANT DIRECTOR OF ESTATES AND FACILITIES: FACILITIES MANAGEMENT*. Prior to joining PFI, Tom spent time working in various Analyst roles at Turners Group and Heartland Bank; most recently coming from a gap year working in Japan. She is a graduate of the University of Waikato where she completed her Bachelor of Management Studies with Honours. Pfizer Director since 2014. As a result of money released from the refinancing, Octagon paid out 11 million in dividends to its shareholders. Norwich and Norfolk University Hospitals Foundation Trust pays Octagon for use of the hospital and some maintenance fees. Theragone ailesi Octagon Odun Mangaln gururla sunar!Keyifli ve lezzetli anlarn olmazsa olmaz Octagon odun mangaln hi byle grmediniz!Theragone ailesi. inaccuracy or intrusion, then please [2] The hospital is a teaching centre for nurses (adult and children's), midwives, doctors, radiographers, therapists and operating department practitioners. A Gannett Company. So why do they think this? Bhd. 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. Nirali has completed a Bachelor of Commerce and Property conjoint degree from the University of Auckland and is a Chartered Accountant. 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. The contract is due to run until 2037. MPs on the public accounts committee say Octagon used a refinancing deal of the Norfolk and Norwich PFI (Private Finance Initiative) hospital project to boost the investors return by a gigantic 153 million, and to increase the liability of the hospital trust to 257 million if it needed to terminate the contract early. The argument went that Labour had inherited public services in such a diabolical state of neglect that there was no alternative to the private financing of whole swathes of infrastructure.

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