PFI companies are already arming themselves for the prospect of a Corbyn government, as has been recently reported. Norwich and Norfolk University Hospitals Foundation Trust pays Octagon for use of the hospital and some maintenance fees. An active participant in setting PFI's overall financial strategy, the finance director will also lead all financial administration, budgeting, financial reporting, fiscal grant management and financial policies and controls maintenance. This was true as of the year 2017-2018, with payment charge for that year recorded as 59 million. It meant 33.9m of funds would be released to the hospital, but the minimum repayment term was extend from 30 to 35 years, meaning it could not get out of the contract and payments to Octagon until 2037 at the earliest. That 20m would pay the wages of 800 nurses, or 200 GPs. Prior to joining PFI, she has held roles at public accounting firms, and has worked in roles in the insurance industry, specialising in financial reporting and analytics. 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. Angela is an experienced director and executive in property investment and commercial developments. Its glistening blue tower is emblematic of an ultra-modern 21st-century NHS. https://infogr.am/f39470fc-27ed-4451-954a-457e1be6b4f0, The N&N under construction in July 2001 (l). Revealed: How shareholders of PFI firm are making millions from cash-strapped Norfolk and Norwich University Hospital Health By Tom Bristow The N&N under construction in July 2001 (l). Focused on multidisciplinary, multi-organizational teams. Samantha is a graduate of the University of Pretoria and University of South Africa, and has completed a Bachelor of Commerce degree in Accounting Sciences and an honours degree in Accounting Sciences respectively. Total UK PFI debt for the taxpayer is over 300bn for infrastructure projects with a value of 54.7bn. The earliest post I could find was from May 4 at 6pm from someone called Bob Hunt who mainly posts about Brexit and Muslims on his page. Completed in 1801, it was a winter residence for an eminent Virginian planter, Colonel John Tayloe III, and his family. Applied research towards commercialization. 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.' The hospital estimates the deal is costing it an extra 20m a year than a non-PFI deal. 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 board currently has five directors, four of whom are independent directors and one non-executive director. Copyright 2010-2023 Full Fact. May 8, 2020. Innisfree has made a fortune by investing in PFIs across the UK. Octagon Board of Directors. 06975984) limited by guarantee and registered in England and Wales. Then at 8pm someone copied and posted the same false information which Mr Hunt had written and it rapidly spread. On the contrary, the Naylor Review a report recommending the disposal of NHS land and assets to generate investment is rehabilitating PPP. David was raised in Christchurch, where he completed commerce and law degrees at the University of Canterbury. For the purposes of that scheme, weve rated this claim as partly false Managing Director, Octagon Financial Services Talent + Properties Simone Errey Managing Director Marketing Australia James Logan Head of Client Services Marketing UK Marianne Rotole Executive Vice President, Client Services Marketing North America Ross Chouler Head of U.S. The Trust told senior doctors, "We would like you to know that the trust will support you in making difficult decisions that may be the least unsafe decision, and we would appreciate your cooperation over the coming days with this". This article is part of our work fact checking potentially false pictures, videos and stories on Facebook. [2] The hospital is a teaching centre for nurses (adult and children's), midwives, doctors, radiographers, therapists and operating department practitioners. These adverts enable local businesses to get in front of their target audience the local community. The consortium which financed NNUH is called Octagon Healthcare. 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.. However, repayments will reach 7.1bn by 2049. Angela is also a qualified lawyer with significant expertise in environment and property law. Then, two people got in touch to ask me if it was true Tony Blair is making millions of pounds from that deal. 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) 292-7035 For questions, please refer to the cognizant PFI Program Directors listed above. This is clearly beneficial for patients and reduces the risk of transmission of infections. In fact, this PFI consists of two schemes. Ethical Sales and Marketing There must be a new leadership to carry this struggle forward. On 11 January 1998, Prime Minister Tony Blair announced the go-ahead for the construction of a 214 million, 809 bed, new hospital in a broadcast from Tokyo on the BBC's Breakfast with Frost show. Pembinaan PFI Sdn. PFI, it could be said, underlines that austerity is a political choice rather than a necessity. Powerlinebd.com 01760002011 Power Line. For the purposes of that scheme, weve rated this claim as partly false The hospital is currently in the worst financial state in its history. September 2003 National cancer director Professor Mike Richards formally opened the 20 million Colney Centre for Oncology and Haematology patients at the Norfolk and Norwich University Hospital. Prior to that, Rodrigo was involved in the management of a nationwide government property portfolio and worked in commercial management within the aerospace industry in Germany. Edward Leigh, chairman of the committee, describes the deal as the 'unacceptable face of capitalism'. At the end of the contract, ownership of the hospital will pass to the NHS. The estimated additional pay is $34,101 per year. A PFI panel was set up by Chancellor Ken Clarke as early as 1993. Octagon were required to design, construct, operate and finance Norfolk and Norwich University Hospital and to provide facilities management services. 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. Maybe the press and reporters should start taking more responsibility for the mess ffs. It promotes hate, damages peoples health, and hurts democracy. [2] Read more about our Board of Directors here. She has been acting as the CVM's director since Steven M. Solomon's retirement in December 2022. Constantin H. Beier . Nirali is currently on maternity leave until September 2023. False information has been spread by thousands of people on Facebook, wrongly linking the Blairs to the company behind the PFI contract at the NNUH. Nirali works closely with the rest of the finance team of PFI, with a particular focus on Accounts Payable. [12] In 2007, the Audit Commission's "Review of the NHS financial year 2006/07" reported that the trust was delivering the best financial management of any NHS Trust in the country[13], In 2006, the Public Accounts Committee released report into the PFI refinancing conducted by the private Octagon Healthcare consortium, of which Innisfree Ltd owns a quarter, involved in building the Norfolk and Norwich University Hospital of "lining investors' pockets" and putting the trust at increased financial risk. The Government cites too the model of Alzira in Spain where a consortium of private companies not only financed and built facilities but also delivered health services. Directors should identify why the She is a graduate of the University of Waikato where she completed her Bachelor of Management Studies with Honours. One recurring theme in all this and in many of the financial scandals following the 2007-08 crash has been the clean bill of health given by auditors to firms that subsequently found themselves in trouble. She astutely points out the great irony that PFI was once hailed as the largest NHS hospital-building programme; in fact it is likely to end up becoming the largest hospital closure programme. In 1997 it appeared to be New Labours magical solution to chronic underinvestment in public services in the wake of Thatcherism. Do Rishi Sunaks claims about hospital discharge funding stack up? Photo: Parliament TV (Image: Archant). The Norfolk and Norwich University Hospital. The subsequent report says the refinancing deal was 'lining investors' pockets' and putting the trust at increased financial risk. Profit warnings have been issued for other government contractors, such as Interserve. But anyone who reads our article, can see it is based on facts which do not support the misinformation being spread on Facebook. Up and down the country, this is the slick, corporate sheen of PFI hospitals. Whether it's Blair . Professor Pollock tells me that contracts have to be made transparent in order to be scrutinised. Prior to joining, Ewan spent 13 years working in various roles in property, asset and fund management in the United Kingdom, the last nine in Edinburgh where he worked managing and acquiring a diverse range of property for a large property trust. So, we have to do that. Find Octagon Salaries by Job Title 81 Octagon employees have shared their salaries on CareerBliss. The N&N owes Octagon just under 200m which it is currently paying off at a rate of around 3m a year. Mr Prices post has had 3,500 shares and more than 500 comments, mainly insulting the Blairs. 508/Bl. Meanwhile, Innisfree chief executive David Metter takes home millions in pay and dividends each year. Pamela joined PFI as Finance Manager in 2020. The ballast sides support your arms while making it easy to fold the chair away when not in use. 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. Director of Thomson Reuters from 2012 until 2020. Simon was appointed as Chief Executive Officer of PFI in January 2019. Guiding and overseeing the survey on expiry Review of asset / service data provide by the SPV / PFI service provider/sSupporting future . "[10], The hospital neighbours the constituency of South Norfolk MP Richard Bacon, also a member of the Public Accounts Committee. It received 3m from Octagon last year. Pfizer Director since 2014. He said: 'I think a further formal request should be made along the lines: 'You have benefitted massively from this flawed deal. As a subscriber, you are shown 80% less display advertising when reading our articles. Rodrigo joined PFI as Asset Manager in 2020 and was promoted to Asset and Development Manager is 2022. As one comes out of Whitechapel Tube station, the new Royal London hospital certainly looks impressive. Quote Tweet. Mr. Bacon wrote about the financing of the hospital on his website; "The Department of Health would not allow the hospital to include a refinancing clause in the original contract. 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 !!! Carolyn recently joined PFIs Board in August 2022. The Pet Food Institute (PFI) has selected Dana Brooks as the organization's new president and chief executive office. "[11], In 2006/07, the trust projected a savings target of 14.8 million but recorded a surplus of 867,000 by the end of the same financial year. Naturally, there are very serious concerns about jobs. das Americas, 3.434 - Gr. Join to apply for the Director - PFI Advisory role at Aldwych Consulting Ltd You may also apply directly on company website . Sarah works with all parts of the company on a variety of matters including sustainability, risk management, compliance, and company secretarial. 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.

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