08:18 Friday 13th September 2013
BBC Radio Cambridgeshire
[P]AUL STAINTON: More efficiency savings and better use of all the Hospital’s resources will help dig Peterborough City Hospital out of the financial soup. That’s according to officials from the health service regulator Monitor, who laid out their plan to sort out the Hospital’s money worries yesterday. David Bennett is the CEO of Monitor. He says they have faith in the measures they’re about to put in place. (TAPE)
DAVID BENNETT: We are the ones who are going to have to explain to the Department of Health why it is they’re going to have to continue to provide for maybe thirty years a continuing subsidy. So it’s essential that we can reassure ourselves and the Department everything has been done that can reasonably be done to minimise the amount of that subsidy. (LIVE)
PAUL STAINTON: Well the Trust running the Hospital currently suffers from a yearly deficit of course of nearly £40 million. The difficulties started with the infamous signing of the Private Finance Initiative to get the money to actually build the Hospital, money that needs to be paid back of course, over this incredible thirty one years. Now under the terms of the recovery plan, parts of the Hospital may have to be leased out to private providers, to help plug the financial gap. Lord Hunt is Labour’s Deputy Leader at the Lords, and their Spokesman on the NHS. Morning.
LORD HUNT: Good morning.
PAUL STAINTON: How much do you think Labour’s PFI policy had to do with the troubles that we’re in in Peterborough now? Continue reading “Labour Lord Hunt On Monitor’s Rescue Plan For Peterborough City Hospital”