Figures obtained by the SNP show the NHS will have to pay over £1 billion in the next five years in payments for Labour’s PFI legacy. The £1.01 billion of payments is revealed in information from the Treasury.
The cost of PFI contracts for the Edinburgh Royal Infirmary, Wishaw General and Hairmyres Hospital amounts to more than the capital cost of the projects themselves – with more payments in years after that as a result of Labour’s PFI and PPP deals.
Between 2010-11 and 2014-15
SNP MSP Kenneth Gibson said:
“These new figures from the Scottish Parliament, based on information from the Treasury show the legacy Labour has left for Scotland.
“Over a billion of repayments in the next five years is a devastating hit to the NHS budget – particularly at a time when budgets will be under increasing pressure as a result of Labour’s economic mismanagement.
“PFI is typical of Labour’s irresponsible buy now, pay later approach to public spending.
“The NHS will pay more to banks in repayments over the next five years for three hospitals than those hospitals are actually worth. That is an example of the profligacy and incompetence that characterised Labour’s financial management and that Scotland’s public services are now paying for.
“After taking out repayment policies like this Labour has no credibility left on public spending and must answer to NHS staff and patients who are left facing up to Labour’s outrageous debts."
Yesterday the Scottish government announced a £300 million investment to deliver 35 new Scottish schools. This will form part of a £1.25 billion Scotland's Schools for the Future programme launched as part of the Scottish Futures Trust.