Let's be clear here. Labour can try to whitewash this as much as they like but it was them who brought companies like Serco into the wide range of public services STARTING with labours wonga for public services aka Public Finance Initiative!
https://twitter.com/HackneyAbbott/status/1364871009556389889
In 2001, an IPPR Report on PFI recommended extending public-private partnerships into core public services such as health, education and local government.
IPPR was a new Labour think-tank.
IPPR was a new Labour think-tank.
This report was also supported by corporations with vested interests, such as Nomura, SERCO, Norwich
Union, General Health Care Group and KPMG et al.
Labour started it! The Tories expanded it!
Union, General Health Care Group and KPMG et al.
Labour started it! The Tories expanded it!
Early PFI schemes, were primarily involved in construction and management. However, as construction is high risk and low margin, these companies rapidly realized that the larger and safer profits were to be made in providing servicing for large government contracts.
Consequently, such companies (for example
Jarvis, Atkins, Serco) began reinventing themselves as service providers, with expertise in health and education services.
Jarvis, Atkins, Serco) began reinventing themselves as service providers, with expertise in health and education services.
It all started with Labour!
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