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Government announces pot of cash to help bail out Peterborough City Hospital
Health news: Peterborough City Hospital - PeterboroughToday.co.uk from The Evening Telegraph
Friday, 2.30pm: The cash-strapped trust which runs Peterborough’s super hospital will benefit from a Government bailout, it has been announced.
Health secretary Andrew Lansley has today revealed a £1.5 billion pot to help seven hospital trusts relieve serious financial pressures, including Peterborough and Stamford Hospitals NHS Foundation Trust.
The trust, which runs Peterborough City Hospital, in Bretton, faces severe problems and has predicted a deficit of almost £35 million by the end of the current financial year in March.
But it will have to meet four criteria to receive any of the money, with the £1.5 billion split between the trusts and doled out over 25 years.
For a full breakdown of what the announcement means and reaction to the decision, see Saturday’s Evening Telegraph.
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Saturday 26 May 2012
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Comments
There are 5 comments to this article
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south-of-the-river-man
Sunday, February 5, 2012 at 02:27 PMIf the local hospital is short of funds to do its job, then it is only right for the Government to cough up the cash. I don't pay my taxes and national insurance for the NHS to be underfunded, I expect a proper job to be done. On the other hand, why is the city hospital short of cash. Is it just the PFI funding system that's to blame? You know the one, where we pay private compabies to build our hospitals for their profit and our loss. If thats the main reason here, then what joy, for the private companies to have this guarantee through the bail out at our expense. But what about the local overpaid NHS Trustees? When are they going to be called to account?
Chiefy
Saturday, February 4, 2012 at 09:32 AMLittle wonder that the PCH is strapped for cash when they employ an outside agency located in Somerset to prepare and distribute Out Patients appointments ? I received an appointment to attend PCH that had a return address as PO Box 108,Wellington TA21 1BE. ((Look it up in Google)) When I took this up with PALS,I was told that they (PCH) had a contract to use an agency for distributing OP appointments. WHY ? Is it to difficult for the office staff at PCH to print out the appointment and post it from there? Using a 3rd.party has a financial implication - in other words "it costs money" but in the days of ECH and PCH, appointments were sent out locally. It is high time that the hospital management put their brains in gear and put an end to such a waste of money.
Uncle Nozmo
Friday, February 3, 2012 at 08:31 PMWell said J J Carter! And this is only one of many, many stupid PFI projects for which us tax payers will be fleeced to provide fat profits and dividends for shareholders. What IS the point of privatising institutions which we elect a government to provide from taxes. All privatising means is that the tax payer now has the added cost of providing a return at market rates on the private capital invested. It beggars belief!
J J Carter
Friday, February 3, 2012 at 08:03 PMThere's a surprise, the tax-payer is fleeced for more £ to go into the trough, so greedy PFI financiers can snuffle it up. Oink! Oink!
Wobble
Friday, February 3, 2012 at 03:00 PMBrilliant news, hopefully they will cover the deficit and give the Trust the chance to turn things round without all the cuts that are affecting services.
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