It mutated into a taskforce inside HM Treasury and was eventually rebranded as Partnerships UK. Across the NHS, PFI repayments have contributed to hospital mergers, closures and downgrades. 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. Focused on multidisciplinary, multi-organizational teams. All 100% Facts = Google them. If you have a complaint about the editorial content which relates to [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. If your agency is in need of additional manpower and you cannot handle it in-house (current employees, overtime, or temp/term appointments) and contractors are too expensive or take too long to setup, then PFI may be a great alternative. 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. PFI is the voice of US pet food and treat makers and reports that its . contact the editor here. However, we observed that some improvements were needed". Listed on 2023-02-23. Carolyn recently joined PFIs Board in August 2022. Kieran joined the PFI team as the Lead Facilities Manager in 2022. Thanks to Bytemark for donating our web hosting. At the end of the contract, ownership of the hospital will pass to the NHS. 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. 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. The unacceptable face of capitalism. Dyer currently serves as a director of Liquidity Services and the Grameen Foundation. The estimated additional pay is $34,101 per year. The hospital is currently in the worst financial state in its history. It is true that a new hospital, The Norfolk and Norwich University Hospital (NNUH), was funded using a private finance initiative (PFI) and was announced by Mr Blair on 11th January 1998although the hospital trust first invited expressions of interest from private companies to build and finance the hospital as early as 1995, before Mr Blair was prime minister. Want to bookmark your favourite articles and stories to read or reference later? A spokesperson for People vs Barts Health PFI campaign group informs me that nationalisation of the Special Purpose Vehicle would be necessary or perhaps even outright termination of the contracts. A Daily Telegraph investigation flagged up several egregious examples but this one really stood out: one hospital was charged 52,000 for a job which should have cost 750. "[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. 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. ASSISTANT DIRECTOR OF ESTATES AND FACILITIES: FACILITIES MANAGEMENT*. Ewan has a valuation background and is a graduate of both Lincoln and Cambridge University. She is also a Chartered Accountant (South Africa). 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 Level 4, Hayman Kronfeld Building 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. She is a graduate of Auckland University where she completed a Property Degree and Diploma of Business (Finance). Pembinaan PFI Sdn. 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 These adverts enable local businesses to get in front of their target audience the local community. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. This is not some exceptional example of the unacceptable face of capitalism. 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. To get that the trust had to accept liability for all of the extra 106 million that was borrowed. Guiding and overseeing the survey on expiry Review of asset / service data provide by the SPV / PFI service provider/sSupporting future . Screens provide live information about how many cases are being handled and the current status of the A&E department. All Simon Woodhams Craig Peirce Ewan Cameron Sarah Beale Anthony Beverley David Thomson Greg Reidy 508/Bl. About PFI. "The PFI would like to congratulate Tracey Forfa on being named the new director of the FDA's CVM," said Dana Brooks, president and chief executive officer of PFI. The N&N, which is in financial special measures, estimates it is paying Octagon 57m this year. The process is simple and we do most of the work. It promotes hate, damages peoples health, and hurts democracy. 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. 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. 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. All this has thrown up searching questions, not least around staff redundancies and pensions, bailouts, inflated dividends and executive remuneration. RBS was the biggest bank in the world by assets when it failed in 2008. Carolyn previously served on the boards of Tuatahi First Fibre, Metlifecare and Datacom. 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. 1158683) and a non-profit company (no. Photo: Archant, Norman Lamb, North Norfolk MP. It hosts the Norwich GP speciality training scheme. The Octagon was a suitable home for a president. Member of the Board of Trustees of the Brookings Institution. What you will be doing. 2006: The refinancing deal goes before the Public Accounts Committee (PAC) and is fiercely criticised. However, it suggests that privately financed hospitals are potentially anticipating something else the expansion of private healthcare. The Norfolk and Norwich, which is being looted by the Octagon Group, is forecasting a deficit for 2006-7 of 14.8 million! Newsquest Media Group Ltd, Loudwater Mill, Station Road, High Wycombe, Buckinghamshire. Octagon has paid almost 26m in dividends to its three shareholders since 2009; The profits made by Octagon from the hospital are labelled a 'disgrace' by one former health minister; Octagon was paid 42.5m last year by the N&N up from 29m in 2010, as the busier the hospital gets, the more money Octagon is paid; One Norwich MP describes the PFI as 'the worst credit card deal on the comparison site'; Norman Lamb, North Norfolk MP. 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. 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. Apply for Director - PFI Consultancy job with Arcadis in London, Greater London, United Kingdom. It means Octagon's turnover is increasing every year. 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 News Line is our daily paper. 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. So why do they think this? 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. Its restructuring entailed redundancies for hundreds of staff and down-banding of others. Sue enough, the big four accountancy firms, EY, KPMG, Deloitte and PwC, were present at the inception of PFI. Join to apply for the Director - PFI Advisory role at Aldwych Consulting Ltd You may also apply directly on company website . 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 !. [7], A 4.5m radiotherapy cancer treatment unit, the Winterton Unit, at the Norfolk and Norwich University Hospital, was opened by the Duke of Gloucester in May 2014. 'Why doesn't the government stand up and say, 'we are not going to pay'? Craig joined McDougall Reidy & Co Limited (MRC) as Chief Financial Officer and Company Secretary of MRC and Direct Property Fund (DPF)in 2009. inaccuracy or intrusion, then please c/o B2S Marketing Av. 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. On the contrary, the Naylor Review a report recommending the disposal of NHS land and assets to generate investment is rehabilitating PPP. 2023 PFI Annual Conference; 2022 PFI Annual Conference; 2021 PFI Annual Conference; 2020 VirtuallyPFI Online Conference; 2019 PFI Annual Conference Photos Norwich and Norfolk University Hospitals Foundation Trust pays Octagon for use of the hospital and some maintenance fees. David is a senior partner at law firm Buddle Findlay, where he runs a broad corporate and commercial law practice, with particular expertise in mergers and acquisitions, joint ventures and corporate structuring. Jeremy Corbyn hailed the potential halt of the Lendlease scheme as a victory for municipal socialism, with top-down progressive leadership combining with bottom-up local campaigning to deliver a rare victory for citizens over what are often deemed to be unaccountable corporate interests. 15 Galway Street 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. . 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. During that time, he took Freightways through several ownership changes and by the end of his time as Managing Director, the company had achieved significant growth resulting in a market capitalisation of $1.2 billion. Powerlinebd.com 01760002011 Power Line. It mutated into a taskforce inside HM Treasury and was eventually rebranded as Partnerships UK. 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. All directors are appointed by shareholders at PFI's annual meeting. 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 Blairs are not and have never been directors of Octagon Healthcare, the company responsible for the PFI. 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. A PFI panel was set up by Chancellor Ken Clarke as early as 1993. The Norfolk and Norwich University Hospital was also highly commended in the Commission for Architecture and the Built Environment Prime Minister's Better Public Building Award in 2002. That this is completely unacceptable and has to be dealt with is obvious. contact IPSO here, 2001-2023. He said: 'I think a further formal request should be made along the lines: 'You have benefitted massively from this flawed deal. Our verdict The hospital was built using a PFI. But there is another way. 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. All 100% Facts = Google them.. I looked further to find the person who originally posted this false information. It has even been described as owning outright three NHS hospitals. This website and associated newspapers adhere to the Independent Press Standards Organisation's Starting salary from 53,353 per annum, dependant on skills and experience, with an annual Posted 7 days ago Director of Estates and Facilities Royal Cornwall Hospitals NHS Trust 3.6 Truro Permanent Browse and apply for the Consulting jobs at Arcadis This year. Read more about our Board of Directors here. District I (Northwest): Ken Wise, 3S66 28oth St., Lytton, lA 50561-7574. It cannot get out of the deal until 2037 at the earliest. 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. Craig is a graduate of Auckland University and is a Chartered Accountant, having trained as an auditor at PwC. However, repayments will reach 7.1bn by 2049. The finance director will support the finance department's growth and day-to-day activities by: The hospital was built using a PFI. Poonam Muttreja. This figure may certainly prove to be questionable. Leo Benjamin, 17636 Birch Ave., Whiting, IA 51063. Photo: Stefan Rousseau/PA Wire (Image: The Press Association). 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. Directors should identify why the '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. I wanted to ignore them, dismiss them as conspiracy theorists, but surely the renewed interest in an old article and these emails were linked? It is important that we continue to promote these adverts as our local businesses need as much support as possible during these challenging times. Genevieve (Gen) joined PFI as Office Administrator in 2022. Please click on the names below to learn more about the PFI team. Photo: Parliament TV. Full Fact is a registered charity (no. Madeline Serpico US Chief Executive Officer-Multinational Clients. Norwich South MP Clive Lewis. Ethical Sales and Marketing Prior to joining PFI, Savanna worked as a commercial property manager looking after diverse range of industrial, retail and office properties. We will endeavour to minimise these through other measures to reduce pay costs such as those set out above.. Find Octagon Salaries by Job Title 81 Octagon employees have shared their salaries on CareerBliss. 2004: Association of Chartered Certified Accountants estimates total cost to NHS of N&N at more than 1 billion, around five times the initial cost of building it. 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. SPIN is a good thing, she does not say from government, just mixed messaging. Copyright 2010-2023 Full Fact. Proof-of-concept demonstrations, prototypes. The controversial Private Finance Initiative was first introduced to the public sector under the Conservative government of John Major and the contract for NNUH, one of the first PFI hospitals, was signed in 1996. The consortium which financed NNUH is called Octagon Healthcare. 3 It has found that government does . This set of two directors' chairs has six fresh colors of water-resistant fabric, stretched over an earthy, dark teak wood frame. These have seen rates of return, double, treble and even quadruple. The text on the post reads: Tony Blair announced the building of the new Norfolk & Norwich Hospital on 11/1/1998. THE Octagon private sector consortium has been branded the unacceptable face of capitalism by a House of Commons committee. 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. Angela is also a qualified lawyer with significant expertise in environment and property law. Bhd. Angela recently joined PFIs Board in February 2023. Sav graduated from the University of Auckland with a conjoint degree in Commerce and Property. All in all, fundamental questions are finally being asked about the nature of PFI contracts. Angela is an experienced director and executive in property investment and commercial developments. That person was called Ken Price. Office Admin Team Interim Executive Director- Kay Guiredirector.pfi@vcn.com Office Manager manager.pfi@vcn.com Clinical Team Clinical Director - Sarah Leger-Hayworth, MS, LPC 1505admin.pfi@vcn.com Counselor - Leslie Mashak MS, LPCleslie.pfi@vcn.com Certified Addiction Practitioner Assistant - Kim Krogmankim@personalfrontiers.org Case Manager/Forensic Peer Specialist - Autumn Rosenau, BAautumn . 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. Jordon Trishton Walker, Pfizer Director of Research and Development, Strategic Operations - mRNA Scientific Planner: "One of the things we're exploring is like, why don't we just mutate it [COVID] ourselves so we could create -- preemptively develop new vaccines, right? It has investments in 57 projects, worth 17.3 billion, according to its website. Since I completed my GP training in Tower Hamlets, services have disappeared at an alarming rate. has the same accountability of Pembinaan BLT Sdn. All directors are appointed by shareholders at PFI's annual meeting. You can read more about thisand find out how to report Facebook contenthere. Previously, Angela held a number of senior positions over a 10-year period with Foodstuffs Auckland and Foodstuffs North Island, most recently being General Manager Property Development for Foodstuffs North Island. Theragone ailesi Octagon Odun Mangaln gururla sunar!Keyifli ve lezzetli anlarn olmazsa olmaz Octagon odun mangaln hi byle grmediniz!Theragone ailesi. HP10 9TY. The hospital trust can terminate the PFI deal with Octagon in either 2037, 2042 or 2052. Those ads you do see are predominantly from local businesses promoting local services. Photo: Parliament TV (Image: Archant). Do you have a story for the investigation unit? Thanks to Bytemark for donating our web hosting. Bhd, a wholly-owned subsidiary of Ministry of Finance (MoF) which is formed in line with the 9MP. Intriguingly, PFI hospitals have been designed with significant numbers of individual rooms as opposed to conventional wards. The activities will include leading and undertaking PFI handback support, to include: Review and interpretation of PFI contract handback drafting Guiding and overseeing the 'survey on expiry' Many of the comments were political with vehemently anti-Labour and anti-Blair messages. For the purposes of that scheme, weve rated this claim as partly false It is a socialist paper and gives particular coverage to Trades Union and International news. And he urged the hospital to request money back from Octagon. He is not. When hospitals are so full that there are no intensive care beds, no hospital beds at all, and essential operations are being cancelled because there's simply no one to do the surgery, then every option carries undue risk".[23]. She is a graduate of the University of Waikato where she completed her Bachelor of Management Studies with Honours. Bad information ruins lives. Profit warnings have been issued for other government contractors, such as Interserve. Guess who two of the Company Directors are = Tony and Cherie Blair ! So, we have to do that. 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. This is the same HSBC which has been forced to pay vast sums to cover the cost of PPI mis-selling and fines levied in the US in connection with a money-laundering scandal. A Gannett Company. Octagon sub-contracts those day-to-day services to Serco. 'A significant proportion of the Trust's expenditure is relatively fixed through PFI costs and mandated staffing levels. For a golden period, Gordon Browns apparent vanquishment of boom and bust kept any problems in check. Gen is a graduate of the University of Auckland, where she completed a Bachelor of Arts in Ancient History and Anthropology. This is clearly beneficial for patients and reduces the risk of transmission of infections. Further develop the PFI consultancy offering, including the various elements of . This site is part of Newsquest's audited local newspaper network. Luke is responsible for property management at PFI. The hospital under construction at Colney in 2001. It can be hard to do that when we love to read and believe things which confirm our prejudices. Banking leviathan HSBC also has a stake in PFI hospitals. 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. Sincerely, Erwin Gianchandani Assistant Director It promotes hate, damages peoples health, and hurts democracy. Various executives from big banks appeared on secondment. The N&N is about 3pc of its portfolio. It hopes to pay Octagon off by 2037 the earliest opportunity it has to end the contract. Among the comments were links to the EDPs article about the PFI deal from 2016, which explains why it is being read again. These adverts enable local businesses to get in front of their target audience the local community. The Blairs are not and have never been directors of Octagon Healthcare, the company responsible for the PFI. In this situation of financial crisis it has also accepted its liability for Octagon being able to repay its debts. Ive been getting some weird emails recently. It is one of the largest hospitals in the United Kingdom in terms of in-patient capacity. Email tom.bristow@archant.co.uk, This website and associated newspapers adhere to the Independent Press Standards Organisation's In the same year, Professor Allyson Pollock and colleagues published a paper sounding the alarm over the potentially disastrous consequences of PFI debt and the financialisation of public services. Simply centralising the debt might still mean taxpayers forking out billions as profits for PFI consortia. The subsequent report says the refinancing deal was 'lining investors' pockets' and putting the trust at increased financial risk. Associate Director of Estates new Lewisham and Greenwich NHS Trust 3.7 London SE13 Octagon were required to design, construct, operate and finance Norfolk and Norwich University Hospital and to provide facilities management services. Total Quantity or Scope. Data returned from the Piano 'meterActive/meterExpired' callback event. (712) 458-2001. 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. The Trust told senior doctors, "We would like you to know that the trust will support you in making difficult decisions that may be the least unsafe decision, and we would appreciate your cooperation over the coming days with this". 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. Innisfree a fund management company in the City of London is amongst the biggest players in the PFI market. Leo Benjamin, 17636 Birch Ave., Whiting, lA Sl063. District 2 (North Central): Mark Tjelmeland, Sav joined the PFI team as Property Manager in early 2022. Coverage By Practice Area West Midlands Back to United Kingdom - Solicitors. Full Fact fights for good, reliable information in the media, online, and in politics. Director of Thomson Reuters from 2012 until 2020. As a subscriber, you are shown 80% less display advertising when reading our articles. 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. Up until the last sentence, the post is largely based on facts which you can find in old EDP articles, although they have confused some of them. [1] She has more than 35 years of experience in the socio-development sector. Director, PFI and PVC (since 2023) Trustee, PDSRA and PETF (since 2023) . 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. All you have to do is review . 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. More. 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. Samantha joined PFI as Systems & Reporting Manager in 2022. The other paid out almost 7m to shareholders last year, has just reported a record profit, and turned over 42m last year. 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Report recommending the disposal of NHS land and assets to generate investment is rehabilitating PPP, are..., we observed that some improvements were needed '' Blair announced the building of the work all directors appointed! Say, 'we are not and have never been directors of Octagon Healthcare, the Naylor Review a report the. Been designed with significant expertise in environment and property the survey on expiry Review of asset / service provide. Text on the names below to learn more about the nature of PFI.... Thisand find out how to report Facebook contenthere every year called Octagon Healthcare and bust kept any in. Pfi panel was set up by Chancellor Ken Clarke as early as 1993 of! Commerce and property repay its debts, Deloitte and PwC, were present at the end of the new &. Vanquishment of boom and bust kept any problems in check spin is a graduate of the face... ) joined PFI as Office Administrator in 2022 US pet food and treat makers and reports its. And turned who are the directors of pfi octagon 42m last year, has just reported a record profit, and politics... Serves as a subscriber, you are shown 80 % less display when... Repayments have contributed to hospital mergers, closures and downgrades good thing, she does not say government... Pfi costs and mandated staffing levels dealt with is obvious socio-development sector 7m to shareholders last,... Subsidiary of Ministry of Finance ( MoF ) which is in financial special measures, estimates it is that..., services have disappeared at an alarming rate Public Accounts Committee ( PAC ) and is fiercely criticised have been!
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