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PAC criticises NHS PFI deal

The UK Parliament's Public Accounts Committee has branded the private sector consortium contracted to build the Norfolk and Norwich Hospital as "the unacceptable face of capitalism". Story from BBC news

One of the main problems discussed on the radio this morning is that the investors re-financed the investment (like getting a second mortgage), the main effect being to boost their returns from 17% to 60%, with the hospital's liability greatly increasing as a result.

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