Guess who two of the Company Directors are = Tony and Cherie Blair ! Posted: January 11, 2023. Craig was appointed Chief Financial Officer and Company Secretary of PFI in 2012, and when PFI merged with DPF in 2013, was appointedChief Financial Officer and Company Secretary of the merged entity. For a golden period, Gordon Browns apparent vanquishment of boom and bust kept any problems in check. Pamela joined PFI as Finance Manager in 2020. Norwich and Norfolk University Hospitals Foundation Trust pays Octagon for use of the hospital and some maintenance fees. Directors should identify why the This set of two directors' chairs has six fresh colors of water-resistant fabric, stretched over an earthy, dark teak wood frame. To reduce this number we need to significantly reduce the pay bill; there are a number of ways of doing this including better management of sickness and greater flexibility around rosters, shift patterns and out of hours working for all staff groups. Profit warnings have been issued for other government contractors, such as Interserve. In October 2018, government announced it would no longer use PFI. Ewan is responsible for leading the team that manages PFI's property portfolio. Angela is an experienced director and executive in property investment and commercial developments. All 100% Facts = Google them.. [22], In December 2019 the hospital was unable to provide a safe service for patients. 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. 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. All directors are appointed by shareholders at PFI's annual meeting. 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 !. Quote Tweet. Focused on multidisciplinary, multi-organizational teams. [16] In 2006 an outbreak of a community-acquired infection Methicillin-resistant Staphylococcus Aureus on the neonatal intensive care unit at the hospital, resulted in five babies carrying the organism and possibly contributing to the death of one baby. Be seen as the team's 'go to' subject matter expert in relation to PFI. The proposed variation to the PFI contract . Do Rishi Sunaks claims about hospital discharge funding stack up? Director since 2001, last re-elected June 2020. Photo: Stefan Rousseau/PA Wire, Chief executive and founder of Innisfree David Metter which is the joint biggest shareholder in Octagon. [17], The hospital was placed on black alert in November 2007 when it ran out of beds for a time. Sav joined the PFI team as Property Manager in early 2022. 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 He is not. Up and down the country, this is the slick, corporate sheen of PFI hospitals. has the same accountability of Pembinaan BLT Sdn. The policy was first implemented under John Majors government and continued by Tony Blairs government. 2001: The new Norfolk and Norwich Hospital officially opens ahead of schedule and on budget. What you will be doing. The total bill for NHS PFI hospitals is ultimately projected to rise above 79bn, way in excess of original build costs of 11.4bn. This is to boot the PFI robbers out of the NHS, along with the rest of the private sector. It cannot get out of the deal until 2037 at the earliest. In fact, this PFI consists of two schemes. Bhd, a wholly-owned subsidiary of Ministry of Finance (MoF) which is formed in line with the 9MP. Ewan joined PFI as Asset/Development Manager in 2015and was promoted to Portfolio Manager in 2020. The News Line is our daily paper. 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. 'When it was first proposed, Frank Dobson (the then health secretary) told us it was signed, sealed, delivered. The PFI costs take up around 10pc of its annual budget. This article is part of our work fact checking potentially false pictures, videos and stories on Facebook. Its glistening blue tower is emblematic of an ultra-modern 21st-century NHS. 'Otherwise you are stuck with it for years and years.' 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. The hospital was reportedly the biggest built using a PFI contract at the time. 'This does limit the opportunities for us to find the savings we need to reduce our financial losses,' a hospital spokesperson said. As a subscriber, you are shown 80% less display advertising when reading our articles. Photo: Jonathan Brady/PA Wire, The Norfolk and Norwich University Hospital. There is little mention of the N&N or Octagon in its annual reprt. As early as 1999, Richard Smith, editor of the British Medical Journal, denounced it as PFI: Perfidious Financial Idiocy in an editorial revealing that repayments would be exorbitant. At the end of the contract, ownership of the hospital will pass to the NHS. Angela recently joined PFIs Board in February 2023. Gen is a graduate of the University of Auckland, where she completed a Bachelor of Arts in Ancient History and Anthropology. I looked further to find the person who originally posted this false information. We have contacted Octagon's shareholder companies but have not had a response. PFI is the voice of US pet food and treat makers and reports that its . The hospital is forecast to run a 32m deficit this year and must find savings of at least 22m by March 2017. The hospital was reportedly the biggest built using a PFI contract at the time. 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 . 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. 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. Then at 8pm someone copied and posted the same false information which Mr Hunt had written and it rapidly spread. ALDWYCH CONSULTING LTD. BN25, ENG. Angela is also a qualified lawyer with significant expertise in environment and property law. Project team: Anshen & Allen (Architect) John Laing plc (Main contractor) WSP Group (Structural Engineer) Hoare Lea (Services Engineer) Serco (Maintenance/support services) The hospital was completed in August 2001, five months ahead of schedule, and on budget. search. Copyright 2010-2023 Full Fact. An active participant in setting PFI's overall financial strategy, the finance director will also lead all financial administration, budgeting, financial reporting, fiscal grant management and financial policies and controls maintenance. [12] In 2007, the Audit Commission's "Review of the NHS financial year 2006/07" reported that the trust was delivering the best financial management of any NHS Trust in the country[13], In 2006, the Public Accounts Committee released report into the PFI refinancing conducted by the private Octagon Healthcare consortium, of which Innisfree Ltd owns a quarter, involved in building the Norfolk and Norwich University Hospital of "lining investors' pockets" and putting the trust at increased financial risk. Director - PFI Consultancy. At the end of the contract, ownership of the hospital will pass to the NHS. The N&N investment is small in its portfolio but its latest report states Octagon 'continues to perform well financially'. Dyer currently serves as a director of Liquidity Services and the Grameen Foundation. The Blairs are not and have never been directors of Octagon Healthcare, the company responsible for the PFI. There have been 47 refinancings of hospital, school and other PFI projects up to the end of the last financial year. Partnerships for Innovation (PFI) PFI-TT grants are up to $250,000 over 18-24 months. A report to the N&N's board warns it may struggle to find savings. A Gannett Company. The text on the post reads: Tony Blair announced the building of the new Norfolk & Norwich Hospital on 11/1/1998. 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. Luke joined PFI as Property Manager in 2019 and was promoted to Senior Property Manager in 2022. You can read more about thisand find out how to report Facebook contenthere. Prior to joining PFI, she has held roles in various industries including the private equity industry in London and shopping centres portfolio in New Zealand. Salaries posted anonymously by Octagon employees. For the purposes of that scheme, weve rated this claim as partly false However, it suggests that privately financed hospitals are potentially anticipating something else the expansion of private healthcare. The post also claims that NNUH has paid over 50 million a year to rent the hospital, and this will continue until 2037. 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. A system of environmental signage provides location-specific information for patients. 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. [19], In 2011, a Care Quality Commission inspection found that the hospital was in the moderate concern category with regards to nutritional screening. Photo: Archant, Norman Lamb, North Norfolk MP. 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. The Blairs are not and have never been directors of Octagon Healthcare, the company responsible for the PFI. 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. Greg is also director of Reidy & Co Limited. David was raised in Christchurch, where he completed commerce and law degrees at the University of Canterbury. Whats more, PFI payments have been indexed higher with each successive year regardless of a hospitals revenue. The N&N owes Octagon just under 200m which it is currently paying off at a rate of around 3m a year. [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. It has investments in 57 projects, worth 17.3 billion, according to its website. Tom Bristow, a journalist with the Eastern Daily Press who has written stories critical of the results of the PFI deal, also wrote earlier this year about how the claim that the Blairs are directors of Octagon is false. 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. Press Association corrects error in reporting on research for prostate cancer test. This website and associated newspapers adhere to the Independent Press Standards Organisation's 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 !. Leo Benjamin, 17636 Birch Ave., Whiting, IA 51063. Bhd. https://infogr.am/f39470fc-27ed-4451-954a-457e1be6b4f0, The N&N under construction in July 2001 (l). Notice Details. This is not some exceptional example of the unacceptable face of capitalism. Kam works closely with the rest of the PFI finance and property teams, with a particular focus on the accounting for PFI's tenants and properties. According to our data, the highest paying job at Octagon is a VP of Human Resources at $145,000 annually while the lowest paying job at Octagon is an Account Coordinator at $12,000 annually. Nirali is currently on maternity leave until September 2023. Bad information ruins lives. This was true as of the year 2017-2018, with payment charge for that year recorded as 59 million. And that right was only obtained by taking on huge extra potential liabilities. Octagon is owned by three shareholders called Innisfree (which owns 36.84pc), 3i Infrastructure Seeds Assets Ltd (which also holds 36.84pc) and Semperian (which owns 26.32pc). 'The more patients we treat, the higher the PFI usage fee, on the basis that the services are used more intensively and the buildings require greater maintenance,' a spokesperson for the hospital explained. Newsquest Media Group Ltd, Loudwater Mill, Station Road, High Wycombe, Buckinghamshire. The consortium which financed NNUH is called Octagon Healthcare. 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. Board of Directors; Open Architecture; Collective Intelligence; Corporate Governance; Supplier Management; Menu Search. This leadership is the WRP. inaccuracy or intrusion, then please Please click on the names below to learn more about the PFI team. 06975984) limited by guarantee and registered in England and Wales. contact the editor here. The Norfolk and Norwich University Hospital was built under the Private Finance Initiative (PFI), and opened in late 2001: it has 1237 acute beds and offers a wide range of NHS acute health services plus private patient facilities. Ive messaged him, asking why he shared it. These adverts enable local businesses to get in front of their target audience the local community. Its restructuring entailed redundancies for hundreds of staff and down-banding of others. Please click on the names below to learn more about the PFI team. Workers Revolutionary Party. She is a graduate of Auckland University where she completed a Property Degree and Diploma of Business (Finance). The policy was first implemented under John Majors government and continued by Tony Blairs government. Full-Time. You can read more about thisand find out how to report Facebook contenthere. Nirali joined PFI as Assistant Accountant in 2016. This reduces the scope of savings initiatives,' it said. It has even been described as owning outright three NHS hospitals. It received 3m from Octagon last year. A Facebook post shared thousands of times has claimed that Tony and Cherie Blair are board members of PFI Octagon, a group that funded a hospital in Norfolk, announced in 1998 by Mr Blair. It means Octagon's turnover is increasing every year. Innisfree has made a fortune by investing in PFIs across the UK. All investments involve risk, including the possible loss of capital. 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 PFI Board of Directors Correspondence to tire PFI directors' addresses is always welcome. 2003: The hospital 'refinances' its PFI deal with Octagon. If we're gonna do that though, there's a risk of . The ballast sides support your arms while making it easy to fold the chair away when not in use. Prior to joining PFI, Kieran has held several Senior Facilities Manager roles in the commercial, industrial and retail industry. Director since February 2018, last re-elected May 2021. 'Why doesn't the government stand up and say, 'we are not going to pay'? 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. This article is part of our work fact checking potentially false pictures, videos and stories on Facebook. The Norfolk and Norwich University Hospital is in the worst financial state in its history and yet continues to face a huge bill to the firm which built it. 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. Good Morning Britain. Healthcare associated infections and black alerts, Norwich Evening News, p6, 15 September 1998, Norfolk and Norwich University Hospitals NHS Foundation Trust, Association of Chartered Certified Accountants, Commission for Architecture and the Built Environment, Methicillin-resistant Staphylococcus aureus, "Norfolk and Norwich University Hospital", "Private Finance Initiative Norfolk and Norwich University Hospital", "Better Public Building Award finalists, 2002", "A&E department redesign 'cuts aggression by half', "Photo gallery: Royal visitor opens new cancer treatment centre at N&N", "David Metter: Skiing in the Alps, the King of the PFIs who owns 28 hospitals and a motorway", Superbugs MRSA and Clostridium difficile killing record numbers of patients, Hospital put on alert as ambulances stack up, Norfolk and Norwich Hospital told to improve elderly patients nutrition, "Care Quality Commission, Dignity and nutrition for older people Review of compliance", "Graphic: Praise after three Norfolk hospitals pass two years as MRSA free", "Doctors told to use 'least unsafe' option in Norwich hospital", "Norfolk and Norwich University Hospitals NHS Foundation Trust Keys to new hospital handed over", "Norfolk and Norwich University Hospitals NHS Foundation Trust Prime Minister visits NNUH", "BBC NEWS - UK - England - Loyd Grossman goes on the wards", "Norfolk and Norwich University Hospitals NHS Foundation Trust Harry Potter star's hygiene message", "BBC NEWS - UK - England - Norfolk - New cancer centre opened", "BBC NEWS - UK - England - Norfolk - Queen to open new hospital", "Norfolk and Norwich University Hospitals NHS Foundation Trust Royal College Praises Emergency Assessment Unit", "Norfolk and Norwich University Hospitals NHS Foundation Trust Health minister to visit NNUH", "Norfolk and Norwich University Hospitals NHS Foundation Trust Official opening of the Norwich Radiology Academy", "Norfolk and Norwich University Hospitals NHS Foundation Trust Esther Rantzen welcomes new care plan for terminally ill", "Norfolk and Norwich University Hospitals NHS Foundation Trust Hospital staff star in TV series Kingdom", "Norfolk and Norwich University Hospitals NHS Foundation Trust Bishop of Thetford to visit renal patients at NNUH", Norfolk and Norwich University Hospital NHS Foundation, Royal London Hospital for Integrated Medicine, National Hospital for Neurology and Neurosurgery, University College at Westmoreland Street, Walton Centre for Neurology & Neurosurgery, Royal National Hospital for Rheumatic Diseases, Robert Jones and Agnes Hunt Orthopaedic Hospital, School of Art History and World Art Studies, https://en.wikipedia.org/w/index.php?title=Norfolk_and_Norwich_University_Hospital&oldid=1138386975, Articles with dead external links from August 2021, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, Neonatal Intensive Care, Foetal Medicine, Orthopaedics, Cancer, Plastic Surgery, Rheumatology, Ophthalmology, Paediatric Medicine and Surgery, September 1998, Secretary of State for Health, December 2002, food critic and TV presenter. 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. Those ads you do see are predominantly from local businesses promoting local services. Neom is a project aiming to construct a huge new smart city on the Red Sea coast in the northwestern Saudi province of Tabuk. On the contrary, the Naylor Review a report recommending the disposal of NHS land and assets to generate investment is rehabilitating PPP. There must be a new leadership to carry this struggle forward. Picture: Archant (Image: Archant 2018). All Simon Woodhams Craig Peirce Ewan Cameron Sarah Beale Anthony Beverley David Thomson Greg Reidy Start your Independent Premium subscription today. Octagon has a 60-year contract with the hospital to provide it with those non-clinical services. The Blairs are not and have never been directors of Octagon Healthcare, the company responsible for the PFI. Picture: Archant, about how the deal to build the Norfolk and Norwich Hospital (NNUH) has financially crippled it. This site is part of Newsquest's audited local newspaper network. A Gannett Company. 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. How to Dismantle the NHS in 10 Easy Steps by Youssef El-Gingihy is published by Zero Books, Join thought-provoking conversations, follow other Independent readers and see their replies. 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. For PFI to be comparable, it should be capable of subsequent validation by comparison with outcomes in the form of historical nancial information. Privacy, terms and conditions. To get that the trust had to accept liability for all of the extra 106 million that was borrowed. 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. Many PFI contracts came with strings attached, facilities maintenance often subcontracted on a long-term basis as part of the deal. Example of the deal while making it easy to fold the chair away when not use... 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Read more about the PFI //infogr.am/f39470fc-27ed-4451-954a-457e1be6b4f0, the company responsible for the PFI director. Corrects error in reporting on research for prostate cancer test every year us it was implemented..., there & # x27 ; s annual meeting directors of Octagon Healthcare read more about find. Our work fact checking potentially false pictures, videos and stories on Facebook ahead! The rest of the year 2017-2018, with payment charge for that year as... Of its annual budget Christchurch, where she completed a Property Degree and Diploma of Business ( Finance.!
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