Saturday, January 24, 2009
THE government’s hospital building programme faces a “capital desert”
Looks like the governments much trumpeted keynesian spending plans are going down the toilet as both they and their pet PFI programme run out of easy money. 'PFI’s have always been the NHS’s ‘Plan A’; for building new hospitals, especially as they used to be off-balance sheet. There was never a ‘Plan B’. Now none of the banks have any money or are likely to have any for a few years, the absence of a ‘Plan B’ is going to cause a real problem in taking new hospitals to conclusion.'