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Companies lobby to keep lease financing ‘off-balance sheet’

Regulators poised to increase UK companies’ liabilities by £16bn, claims leasing body By Richard Wachman | 9 January 2013 “It is odd to expect an analyst to guess the liabilities associated with leases” – Hans Hoogervorst, chairman, International Accounting Standards Board Powerful lobby groups and regulators are at loggerheads over how companies account for leasing liabilities amounting to […]

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NHS bosses press for private sector to run indebted hospitals

NAO criticises tender for first contract, yet support for private operators in NHS grows By Richard Wachman | 8 November 2012 NHS bosses are pressing for more failing hospitals in the UK to be taken over and run by private companies. “We believe that the NHS should embrace the use of well-managed and intelligent competition” – Mike Farrar, […]

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UK’s first privately-run NHS hospital ‘poised to cut 50 nurses’

Circle Healthcare is also set to force nurses to work 12-hour shifts, warn union leaders By Richard Wachman | 26 October 2012 “Patients are paying the price for the government’s eagerness to mix medicine with the money motive” – Andy Burnham, shadow health secretary Britain’s first private operator of an NHS hospital is poised to axe up to […]

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BAE holds talks with Saudi Arabia over planned EADS ‘merger’

Saudi Arabia’s approval for defence giant is critical because of its role as huge customer By Richard Wachman | 8 October 2012 “They do not want BAE subsumed by a US major because it would decrease competition and push up prices” – Dr John Louth, defence specialist, RUSI BAE Systems has held secret talks with the Saudi government […]

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GPs warn: welfare test is driving our patients towards suicide

Ministers accused of using work assessments to ‘hound’ disabled people on benefits By Richard Wachman | 4 October 2012 Vulnerable people are being driven to suicide by a government welfare test, according to a poll of UK doctors carried out for a mental-health charity. The survey found that one GP in five has at least one disabled patient […]

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Analysis: EADS investors shrug off bribery case at UK offshoot

EADS distances itself from troubled British subsidiary with huge Saudi defence contract By Richard Wachman | 11 September 2012 “The SFO investigation may not be affecting the EADS share price, but it could have a big impact” One of Europe’s biggest arms companies is caught up in a criminal investigation over allegations of bribery. Sounds serious, no? Perhaps, […]

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Royal Bank of Scotland to make key step towards privatisation

Regulators poised to approve RBS withdrawal from taxpayer-funded protection scheme By Richard Wachman | 24 July 2012 “Government ownership of the banks has not fixed anything” – Douglas Carswell, Conservative MP Executives at the state-controlled Royal Bank of Scotland are paving the way for it to return to the private sector within three years. In a so-far unnoticed proposal […]

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Ministers face questions on company running hospital

Letter highlights debt risk to NHS as private operator seeks cash to stay afloat By Richard Wachman | 21 June 2012 “We know that there is a re-organisation plan… But, so far, we have only seen a small bit of it” – Karen Webb, director, Royal College of Nursing’s eastern region Ministers are under pressure to guarantee that […]