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§ɦṛɛɗɗịɛ ßịⱺ𝔩ⱺɠịᵴŧ@lemmy.ml to World News@lemmy.mlEnglish · 8 months ago

Labour Just Oversaw a £1.3 BILLION Sell-Off of NHS Services to a Private Equity Firm

www.thecanary.co

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Labour Just Oversaw a £1.3 BILLION Sell-Off of NHS Services to a Private Equity Firm

www.thecanary.co

§ɦṛɛɗɗịɛ ßịⱺ𝔩ⱺɠịᵴŧ@lemmy.ml to World News@lemmy.mlEnglish · 8 months ago
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Labour just oversaw a £1.3 BILLION SELL-OFF of NHS services to a private equity firm
www.thecanary.co
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A private equity firm that paid out £27m to shareholders in 2022 just bought up an entire county's NHS community services in Wiltshire
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  • jlow (he/him)@beehaw.org
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    8 months ago

    “Labour”, indeed.

  • thr0w4w4y2@sh.itjust.works
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    8 months ago

    those contracts take years to tender and likely have huge clawback clauses. I doubt that Labour got into power and immediately signed contracts for things like this. More likely it was more expensive to stop it.

    • mub@lemmy.ml
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      8 months ago

      Bingo. I also suspect they’re gambling on it being a failure. Hard ball behaviour if true but a failure of such a privatisation would be very high profile and likely put a stop to anything similar for a long time.

      Also note that failures to meet agreed standards will have penalties so it might be possible for labour to force them out that way.

  • ☆ Yσɠƚԋσʂ ☆@lemmy.ml
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    8 months ago

    Thatcher would be so proud

  • anachronist@midwest.social
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    8 months ago

    Neoliberals have discovered salami tactics to destroy social welfare: https://www.youtube.com/watch?v=yg-UqIIvang

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