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. The chief executive of Healthwatch Norfolk, Alex Stewart, said: 'If the money could be put back into services, people would potentially be seen far more quickly.'. PFI Panel board bd Power Factor Improvement Panel Board bd . Ambulances were forced to queue outside the building while non-urgent patients were discharged to free up beds and a major incident emergency plan implemented. Sav joined the PFI team as Property Manager in early 2022. Pfizer Director since 2014. 'The whole PFI programme was massively ill-judged,' he said. Director - PFI Advisory. Registered in England & Wales | 01676637 |. Ewan is responsible for leading the team that manages PFI's property portfolio. It is one of the largest hospitals in the United Kingdom in terms of in-patient capacity. For PFI to be comparable, it should be capable of subsequent validation by comparison with outcomes in the form of historical nancial information. (Paragraph 2.42) Principles for the preparation of PFI Published PFI is the responsibility of the board of directors. A system of environmental signage provides location-specific information for patients. 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. What you will be doing. Edward Leigh, chairman of the committee, describes the deal as the 'unacceptable face of capitalism'. Bad information ruins lives. Focused on multidisciplinary, multi-organizational teams. 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. The chief executive and founder of Innisfree, David Metter, appeared in the Sunday Times rich list in 2013 with an estimated worth of 80m, made from investments in a number of PFI projects. For the purposes of that scheme, weve rated this claim as partly false 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. This year. Intriguingly, PFI hospitals have been designed with significant numbers of individual rooms as opposed to conventional wards. But why does it then wrongly name the Blairs as company directors? So, we have to do that. Tony Blair announced the building of the new Norfolk & Norwich Hospital on 11/1/1998 from a press conference in Tokyo - they started work the very next day !!! Auckland, 1010. It is 'Rented' to the NHS by a private company called PFI Octagon at a cost of over 50m a year until 2037.. Kieran joined the PFI team as the Lead Facilities Manager in 2022. 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. Editors' Code of Practice. Full Fact is a registered charity (no. Company website; Company jobs; . 06975984) limited by guarantee and registered in England and Wales. As the voice of U.S. pet food makers for more than 60 years, we provide factual information about pet food and treat safety, nutrition, and health to pet . Full-Time. 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 In July 2000 approval was given to extend the Norfolk and Norwich University Hospital with a second phase that included an additional 144 beds and took the project cost to 229 million. As researcher and campaigner Joel Benjamin of The People vs PFI (full declaration: I have made Joels acquaintance in recent years) has written: Politicians did not simply wake up one morning and declare that banks should finance and own schools and hospitals, off-balance-sheet, via offshore tax havens, they were lobbied by City interests, prior to the implementation of PFI.. inaccuracy or intrusion, then please Ethical Sales and Marketing The ED probe into PFI's fund flow gathered momentum and culminated in the raids in Kerala after the investigation agency found out the role of Abdul Razaq Peediyakkal alias Abdul Razak B P, who. Same goals than PFI-TT. [6], It is one of a small number of Accident and Emergency departments to benefit from Pearson Lloyd's redesign - 'A Better A&E' - which reduced aggression against hospital staff by 50 per cent. Directors should identify why the [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. Board of Directors; Open Architecture; Collective Intelligence; Corporate Governance; Supplier Management; Menu Search. The hospital is part of the Norfolk and Norwich University Hospitals NHS Foundation Trust. Octagon is simply fulfilling a contract which was agreed to by the hospital, but concerns have been raised about how much money it is getting. It is a socialist paper and gives particular coverage to Trades Union and International news. Shop Similar at AMAZON. Across the NHS, PFI repayments have contributed to hospital mergers, closures and downgrades. Norwich and Norfolk University Hospitals Foundation Trust pays Octagon for use of the hospital and some maintenance fees. The initial cost of 229m is paid for through Octagon. RBS was the biggest bank in the world by assets when it failed in 2008. Ewan joined PFI as Asset/Development Manager in 2015and was promoted to Portfolio Manager in 2020. Photo: Stefan Rousseau/PA Wire (Image: The Press Association). Amy Keller, Director of JOOI 4494 Lindell Blvd. This is not some exceptional example of the unacceptable face of capitalism. Constantin H. Beier . 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. She is a graduate of Auckland University where she completed a Property Degree and Diploma of Business (Finance). Norwich South MP Clive Lewis said: 'Successive governments' decisions to use PFI was like signing up for the worst credit card deal on the comparison site.' PFIs are complex, financial instruments and the answers to how they might be brought to heel or cancelled need to be carefully thought out. John Laing Infrastructure Fund (JLIF) updated shareholders that it would expect 86 per cent of the value of its PFI contracts to be compensated in the event that they were taken back into public ownership. The past month has seen the demise of construction giant Carillion followed by the collapse of Capitas market value: both firms having built huge empires by providing outsourced services to public authorities. Vercity also employs talented senior finance experts, comprising finance directors, operations managers, management accountants and financial controllers. Prior to joining PFI, Tom spent time working in various Analyst roles at Turners Group and Heartland Bank; most recently coming from a gap year working in Japan. He then practiced law in Wellington and London, before returning to Buddle Findlay in 2000 and becoming a partner of the firm in Auckland in 2002. NNUH was the first new NHS teaching hospital built in England for more than 30 years and the hospital trust is a partner with the University of East Anglia in the delivery of courses. 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. Our verdict The hospital was built using a PFI. Completed in 1801, it was a winter residence for an eminent Virginian planter, Colonel John Tayloe III, and his family. has the same accountability of Pembinaan BLT Sdn. 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. The proposed variation to the PFI contract is to . Rodrigo is responsible for the asset management of a portfolio of PFIs properties as well as major capital projects within the portfolio. The project was the first large PFI hospital scheme in the NHS. A Gannett Company. Associate Director of Estates new Lewisham and Greenwich NHS Trust 3.7 London SE13 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. 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. As a result of money released from the refinancing, Octagon paid out 11 million in dividends to its shareholders. 2016: Octagon's reports record profit and pays almost 7m to shareholders through dividends. You can read more about thisand find out how to report Facebook contenthere. 'Why doesn't the government stand up and say, 'we are not going to pay'? Another 7.2m, does not appear in the trust's accounts but the hospital said it is paid as an addition to the 'life cycle maintenance' of the PFI. Lead the charge on the significant opportunities around PFI handbacks. It promotes hate, damages peoples health, and hurts democracy. All 100%. However, repayments will reach 7.1bn by 2049. These initial tremors might be the canary in the coal mine. The Blairs are not and have never been directors of Octagon Healthcare, the company responsible for the PFI. The Trust is taking a range of measures to deal with this hugely challenging deficit; careful cost control, service redesign, and reducing an overall pay bill that accounts for 60 per cent of our budget. Whats more, PFI payments have been indexed higher with each successive year regardless of a hospitals revenue. Norwich and Norfolk University Hospitals Foundation Trust pays Octagon for use of the hospital and some maintenance fees. Do you have a story for the investigation unit? From 1999 through to 2017, Dean was Managing Director of Freightways Limited (Freightways). 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. The N&N, which is in financial special measures, estimates it is paying Octagon 57m this year. Michael joined PFI as a Property Manager in 2021, and is a graduate of the University of Auckland, holding a Bachelor of Property. 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. 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 . She has been acting as the CVM's director since Steven M. Solomon's retirement in December 2022. Sincerely, Erwin Gianchandani Assistant Director . [21], In March 2014 the N&N, Norfolk's biggest hospital, marked two years of being MRSA free. Of course, PFI was not always a toxic brand. 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. 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. Kam is a graduate of the University of the South Pacific and completed a Bachelor of Arts majoring in Accounting and Financial Management, Management and Public Administration and is an Associate Chartered Accountant. Leo Benjamin, 17636 Birch Ave., Whiting, IA 51063. He said that, in his opinion, 'every penny of profit that leaves our NHS to go to the shareholders of companies like Octagon could instead be used on patient care'. It means Octagon's turnover is increasing every year. The new Neom city in Saudi Arabia has announced a floating industrial district that will house a hyperscale data center. It looms over the ruins of the crumbling Victorian hospital made famous in David Lynchs film The Elephant Man. [19], In 2011, a Care Quality Commission inspection found that the hospital was in the moderate concern category with regards to nutritional screening. Yet there is also an aesthetic and functional brutalism with labyrinthine corridors and sunless, windowless rooms. Then, two people got in touch to ask me if it was true Tony Blair is making millions of pounds from that deal. The London Underground public-private partnership saw the bankruptcy of private company Metronet, with the Government forced to step in and bring the upgrade back into public hands. Screens provide live information about how many cases are being handled and the current status of the A&E department. Indeed, the National Audit Office has recommended that the Government should have the power to cancel contracts which are not providing value for money. It hosts the Norwich GP speciality training scheme. Do Rishi Sunaks claims about hospital discharge funding stack up? However this plays out, it looks like the stage is set for the final act of the PFI story. Prior to this,Simon was General Manager of PFI from mid-2013, and prior to that, General Manager of Direct Property Fund (DPF) before PFI's merger with (DPF) in 2013, having joined McDougall Reidy & Co Limited as Development Manager in 2005. 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. 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. Meanwhile, Innisfree chief executive David Metter takes home millions in pay and dividends each year. A PFI panel was set up by Chancellor Ken Clarke as early as 1993. These adverts enable local businesses to get in front of their target audience the local community. Naturally, there are very serious concerns about jobs. 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. It is paying millions annually to the Octagon company and is in hock to it for the next 39 years. However, we observed that some improvements were needed". 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. All Simon Woodhams Craig Peirce Ewan Cameron Sarah Beale Anthony Beverley David Thomson Greg Reidy Total Quantity or Scope. There would still be plenty left over to cover the training of the next generation of surgeons and build 80 state-of-the-art hospitals. All accounts receivable matters are being handled by Timothy Low in her absence. Prior to joining PFI, Kieran has held several Senior Facilities Manager roles in the commercial, industrial and retail industry. Norwich South MP Clive Lewis. It only got a small amount of traction. The post also claims that NNUH has paid over 50 million a year to rent the hospital, and this will continue until 2037. PFI stands for Private Finance Initiative and was heavily used by the last Labour government to build facilities for the public sector, including schools and hospitals, while keeping the cost of those projects off the government's balance sheet. 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. Face of capitalism paper and gives particular coverage to Trades Union and International news the world by assets it. 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