Jim Mackey, chief executive of the financial regulator NHS Improvement will meet with government treasury officials today, asking them to sign off on a Hedge Fund based borrowing plan for the NHS, which has until now remained under wraps.
Mackey has made a secret deal with Hedge Funds to borrow £10 billion to fill the shortfall created in the NHS budget by Jeremy Hunt & Theresa May’s budget cuts. Philip Hammond’s Treasury will meet with NHS officials to decide whether to sign off on the plan today. Hedge Funds are very aggressive lenders, and will usually seek an equity stake when lending.
“IT IS SHOCKING THAT NHS LEADERS ARE IN SECRET NEGOTIATIONS WITH HEDGE FUND BOSSES.” – SHADOW SECRETARY OF STATE FOR HEALTH JONATHAN ASHWORTH
In 2014/15 spending on the NHS was £135 billion, which is 7.3% GDP. By 2020/21 this will decrease to 6.6%, amongst the lowest spending of any OECD country. The UK has fewer beds, 2.8 per 1000 people, than almost all OECD countries (Germany has 8.3, Poland has 6.6), and the Tories STP plans(look them up, they can only be stopped locally) are to decrease this by between 5% and 20%.
The UK has less doctors, around 2.8 per 1000 people, than most of Europe (only Slovenia, Romania and Poland have less). Current spend per head per year in England is £2065, lower than all the other large European countries.
Last year the NHS Improvement Chief made a deal with the Toy Government not to ask for more day-to-day budget increases after arguing with Theresa May’s Downing Street about the issue at the start of 2017. Ministers have accepted the NHS is in need of private funding after an initial review found it is short by £10 billion.
Mackay said :
“WE HAVE TO BE REALISTIC BECAUSE WE ARE NOT GOING TO GET A £10 BILLION CHEQUE TO PAY FOR ALL THE TRANSFORMATION UNDER WAY AND THE MASSIVE MAINTENANCE BACKLOG, SO WE NEED TO THINK LONG AND HARD ABOUT ANOTHER WAY.
“HISTORICALLY LOW INTEREST RATES ARE A GOLDEN OPPORTUNITY FOR THE NHS BUT WE ARE CONSTRAINED BY RIGID RULES AROUND BORROWING THAT PREVENT US FROM TAKING ACTION.”
The NHS, the British Public’s National Inheritance, is being run down. The Tories are sabotaging our NHS so that they can invite the market in to “save the day”. This is why so many Tory MPs have personal investments in Private Healthcare providers, suppliers & hedgefunds.