Labour MPs: Private Finance for NHS Buildings is a Costly Mistake
Автор: One Planet Network
Загружено: 2025-11-20
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Forty Labour MPs are urging Chancellor Rachel Reeves to reconsider plans to fund NHS buildings through private finance initiatives (PFI). In a joint letter, MPs like Cat Eccles, Clive Lewis, and Rebecca Long-Bailey warn that returning to New Labour's private funding era could damage public trust.
The letter highlights how private partnerships are more expensive than public funding, leading to crippling debts for the NHS since 1997. With 80 trusts still paying back a combined £44 billion, the MPs argue that private finance is an expensive borrowing method that future taxpayers will have to repay.
The UK infrastructure strategy and 10-year health plan mention exploring private capital for NHS facilities, but the MPs point out that this could represent even worse value for taxpayers, especially for small-scale projects like neighbourhood health centres.
The Labour party's manifesto emphasizes the need for a publicly owned and funded NHS. Health Secretary Wes Streeting has assured that any new private finance use would be limited, but the MPs urge Reeves to drop these plans altogether, learning from past mistakes.
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