It cannot get out of the deal until 2037 at the earliest. All investments involve risk, including the possible loss of capital. 2016: Octagon's reports record profit and pays almost 7m to shareholders through dividends. Innisfree has made a fortune by investing in PFIs across the UK. SPIN is a good thing, she does not say from government, just mixed messaging. Press Association corrects error in reporting on research for prostate cancer test. He is not. Its restructuring entailed redundancies for hundreds of staff and down-banding of others. 06975984) limited by guarantee and registered in England and Wales. Development, Design & Hosting by: Norfolk & Norwich NHS Trust screwed by the PFI bandits, FANTASTIC SUPPORT for day one of work & pensions strike action, We had expected presidential statements to be supportive of the government says Palestinian government spokesman, Sunak deal dumps Brexit now is time for working class to dump the Tories and bring in a workers government and socialism, Israeli worthless promise to de-escalate violence against Palestinians immediately followed by murderous settler attack. Carolyn recently joined PFIs Board in August 2022. 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. Copyright 2010-2023 Full Fact. 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. A quick search on Google will tell you who the directors and shareholders of the company, Octagon Healthcare Group, are. Michael has held a variety of roles within the property industry and is also a member of the Auckland Aces Cricket team. But why does it then wrongly name the Blairs as company directors? Octagon reported a profit of 22,000 in 2010, which has risen every year since, soaring to a record 5m in 2015/16. The way to deal with their claims for financial liability is to nationalise them under workers control without compensation. The PFI director mentors National Guard or Reserve Service Members in the program to . Before joining PFI, she worked with the MacArthur Foundation as Country Director where she was responsible for the Foundation's grants in India. Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in, PFI debt for the British taxpayer is more than 300bn for infrastructure projects, with a value of 54.7bn. All 100%. Completed in 1801, it was a winter residence for an eminent Virginian planter, Colonel John Tayloe III, and his family. Director of Refinitiv, a privately-held global provider of financial market data and infrastructure until its acquisition by the London Stock Exchange Group in January 2021. 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. Bad information ruins lives. Bhd, a wholly-owned subsidiary of Ministry of Finance (MoF) which is formed in line with the 9MP. Professor Pollock tells me that contracts have to be made transparent in order to be scrutinised. The Octagon was a suitable home for a president. 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 A PFI panel was set up by Chancellor Ken Clarke as early as 1993. Octagon has a 60-year contract with the hospital to provide it with those non-clinical services. Shalini works closely with the rest of the finance team, with a particular focus on Accounts Payable. PFI is an NZX listed property vehicle focused on the industrial sector. District 2 (North Central): Mark Tjelmeland, 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. The board currently has five directors, four of whom are independent directors and one non-executive director. 'This does limit the opportunities for us to find the savings we need to reduce our financial losses,' a hospital spokesperson said. 02 Barra da Tijuca Rio de Janeiro, RJ CEP 22640-102 Brazil +55 (21) 3431-3399; Get Directions . The hospital was built using a PFI. Now the unheeded prophecies of the Cassandras have come true. RBS was the biggest bank in the world by assets when it failed in 2008. Angela recently joined PFIs Board in February 2023. 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. It is one of the largest hospitals in the United Kingdom in terms of in-patient capacity. Chief executive and founder of Innisfree David Metter which is the joint biggest shareholder in Octagon. Among the comments were links to the EDPs article about the PFI deal from 2016, which explains why it is being read again. The unit is set to increase capacity at the Norfolk and Norwich University Hospital by 25pc.[8]. Lead the charge on the significant opportunities around PFI handbacks. 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. Guiding and overseeing the survey on expiry Review of asset / service data provide by the SPV / PFI service provider/sSupporting future . The PFI costs take up around 10pc of its annual budget. However, repayments will reach 7.1bn by 2049. Imagine being whipped into such a frenzy by a Facebook post, which you havent even bothered to check the accuracy of. All accounts receivable matters are being handled by Timothy Low in her absence. 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. 'Otherwise you are stuck with it for years and years.' There are many precedents for renationalising privatised services when it is in the public interest. All this has thrown up searching questions, not least around staff redundancies and pensions, bailouts, inflated dividends and executive remuneration. As Alan Milburn the former Labour Health Secretary described by Private Eye as an almost maniacal convert to PFI put it: Its PFI or bust.. Octagon sub-contracts those day-to-day services to Serco. Theragone ailesi Octagon Odun Mangaln gururla sunar!Keyifli ve lezzetli anlarn olmazsa olmaz Octagon odun mangaln hi byle grmediniz!Theragone ailesi. 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. It looms over the ruins of the crumbling Victorian hospital made famous in David Lynchs film The Elephant Man. Company website; Company jobs; . Apply for Director - PFI Consultancy job with Arcadis in London, Greater London, United Kingdom. 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. Those ads you do see are predominantly from local businesses promoting local services. Thanks to Bytemark for donating our web hosting. This article is part of our work fact checking potentially false pictures, videos and stories on Facebook. Norwich and Norfolk University Hospitals Foundation Trust pays Octagon for use of the hospital and some maintenance fees. It promotes hate, damages peoples health, and hurts democracy. [1] She has more than 35 years of experience in the socio-development sector. It was later privatised with the shares sold off to financial institutions including Barclays, HSBC and RBS. The News Line is our daily paper. This was true as of the year 2017-2018, with payment charge for that year recorded as 59 million. Its glistening blue tower is emblematic of an ultra-modern 21st-century NHS. The contract is due to run until 2037. Inside, the first impression is that it is state of the art. The Blairs are not and have never been directors of Octagon Healthcare, the company responsible for the PFI. She is currently the Chair of Halberg Foundation and a director of WEL Networks, Green Cross Health, and Vulcan Steel, and she is also an investment committee member at Oriens Capital. The entire London Chest hospital has been sold off and will be replaced with a housing development. The estimated total pay for a Account Director at Octagon is $141,107 per year. It promotes hate, damages peoples health, and hurts democracy. Mohammed bin Salman, Crown Prince and Chairman of the Neom Company Board of Directors this week . 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' 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 management is saying: There is only one way that this jobs massacre can be lessened. 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. As a subscriber, you are shown 80% less display advertising when reading our articles. Full Fact is a registered charity (no. Angela is also a qualified lawyer with significant expertise in environment and property law. 508/Bl. Please click on the names below to learn more about the PFI team. Corporate and commercial. 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. Rodrigo joined PFI as Asset Manager in 2020 and was promoted to Asset and Development Manager is 2022. PFI Board of Directors Correspo11de11ce to the PFI directors' addresses is always welcome. 'This is what it was all about at the beginning,' he said. Various executives from big banks appeared on secondment. Do you have a story for the investigation unit? The ballast sides support your arms while making it easy to fold the chair away when not in use. 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. 1158683) and a non-profit company (no. It is important that we continue to promote these adverts as our local businesses need as much support as possible during these challenging times. 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 !!! 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. District 1 (Northwest): Ken Wise, 3566 280th St., Lytton, lA 50561-7574. Director - PFI Advisory Zeemac Vehicle Acquisition & Fleet ServicesSouth East, South-East District, Botswana Apply Join or sign in to find your next job Join to apply for the Director - PFI. 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. (Paragraph 2.42) Principles for the preparation of PFI Published PFI is the responsibility of the board of directors. . [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. The subsequent report says the refinancing deal was 'lining investors' pockets' and putting the trust at increased financial risk. The level of subsequent potential risks and costs borne by the public sector was thought by some critics of the deal to be unacceptably high. She is a graduate of Auckland University of Technology where she completed her Bachelor of Laws Degree. Member of the Board of Trustees of the Brookings Institution. All directors are appointed by shareholders at PFI's annual meeting. The consortium which financed NNUH is called Octagon Healthcare. [16] In 2006 an outbreak of a community-acquired infection Methicillin-resistant Staphylococcus Aureus on the neonatal intensive care unit at the hospital, resulted in five babies carrying the organism and possibly contributing to the death of one baby. This is to boot the PFI robbers out of the NHS, along with the rest of the private sector. We believe that if we took no other action to reduce pay and other costs we would need to lose approximately 450 posts during this year. 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. Good Morning Britain. Gen provides day-to-day administration and general support for the wider office. 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. Of course, PFI was not always a toxic brand. The proposed variation to the PFI contract is to . The Blairite Third Way would somehow square the circle by delivering new schools, hospitals, roads, railways and prisons without the debt or inefficiency of the public sector. Golf Clients . According to our data, the highest paying job at Octagon is a VP of Human Resources at $145,000 annually while the lowest paying job at Octagon is an Account Coordinator at $12,000 annually. There are fewer junior doctor offices and overnight rooms. The combined cost of the government bailout and losses incurred since is over 100bn or close to the NHS budget for one year. 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