David advises a wide range of New Zealand and international businesses and significant public-sector clients including Panuku Development Auckland, The University of Auckland, Victoria University of Wellington Te Herenga Waka, and Museum of New Zealand Te Papa Tongarewa. Weightmans LLP > The Legal 500 Rankings Dispute resolution > Professional discipline Tier 1 Further to its June 2022 merger with RadcliffesLeBrasseur LLP, Weightmans LLP's large THE Octagon private sector consortium has been branded the unacceptable face of capitalism by a House of Commons committee. The initial cost of 229m is paid for through Octagon. As a subscriber, you are shown 80% less display advertising when reading our articles. Prior to joining PFI, she has held roles in various industries including the private equity industry in London and shopping centres portfolio in New Zealand. The proposed variation to the PFI contract . Press Association corrects error in reporting on research for prostate cancer test. Photo: PA Wire. 'Why doesn't the government stand up and say, 'we are not going to pay'? A PFI panel was set up by Chancellor Ken Clarke as early as 1993. @GMB. Kieran joined the PFI team as the Lead Facilities Manager in 2022. If you are dissatisfied with the response provided you can There is little mention of the N&N or Octagon in its annual reprt. Jodie is responsible for the asset management of a portfolio of PFI's properties. Nirali has completed a Bachelor of Commerce and Property conjoint degree from the University of Auckland and is a Chartered Accountant. Sure enough, there is some evidence of the tide turning. Privacy, terms and conditions. Estimates as far back as 2004 predicted taxpayers, through the N&N, will pay Octagon more than 1 billion nearly five times the 229m cost of building and opening the hospital. Chief executive and founder of Innisfree David Metter which is the joint biggest shareholder in Octagon. Privacy, terms and conditions. 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. Full Fact is a registered charity (no. Of course, it can not police every post, it is up to us the user to take care of what we believe. That includes 20.7m in operating expenses and 29m in non-operating expenses the lease, interest and financing the debt to Octagon. Provide Your Feedback on Law Firms. RBS was the biggest bank in the world by assets when it failed in 2008. As a result, only specific contractors are allowed to change or fix certain equipment or fittings, such as a plug socket or a light bulb. The contract is due to run until 2037. Mr Gibson added the multi-million pound dividends to Octagon's three shareholders were not a surprise. It was a persuasive argument which seduced many. Sarah works with all parts of the company on a variety of matters including sustainability, risk management, compliance, and company secretarial. In 1997 it appeared to be New Labours magical solution to chronic underinvestment in public services in the wake of Thatcherism. Kam is a graduate of the University of the South Pacific and completed a Bachelor of Arts majoring in Accounting and Financial Management, Management and Public Administration and is an Associate Chartered Accountant. The Octagon was a suitable home for a president. Photo: Archant, Norman Lamb, North Norfolk MP. Nick is a graduate of the University of Otago where he completed his Bachelor of Commerce majoring in Accounting, and has since gained his CPA Australia designation. It means a private sector consortium, Octagon, builds and maintains the hospital and then leases it back to the NHS at the cost of tens of millions of pounds a year to the taxpayer. 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. It has investments in 57 projects, worth 17.3 billion, according to its website. No wonder! Haringey Councils public-private partnership with construction and property giant Lendlease appears on the brink of collapse after Labours National Executive Committee intervened. More. The hospital's hands are closely bound when it comes to making 22m of cuts this financial year and getting closer to budget. If your agency is in need of additional manpower and you cannot handle it in-house (current employees, overtime, or temp/term appointments) and contractors are too expensive or take too long to setup, then PFI may be a great alternative. 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. Apr 23, 2020 Happy St George's Day to Palestinians, English, Georgians, Serbs, Portuguese, Maltese and Lithuanians everywhere who share his named day! So why do they think this? Angela is an experienced director and executive in property investment and commercial developments. SPIN is a good thing, she does not say from government, just mixed messaging. We have contacted Octagon's shareholder companies but have not had a response. This site is part of Newsquest's audited local newspaper network. Press Association corrects error in reporting on research for prostate cancer test. Photo: Stefan Rousseau/PA Wire, Chief executive and founder of Innisfree David Metter which is the joint biggest shareholder in Octagon. Director - PFI Advisory. Since graduating Auckland University in 2013, Luke has held a variety of roles in, commercial, industrial, retail and residential property management. Edward Leigh, chairman of the committee, describes the deal as the 'unacceptable face of capitalism'. (712) 4S8-2001. [6], It is one of a small number of Accident and Emergency departments to benefit from Pearson Lloyd's redesign - 'A Better A&E' - which reduced aggression against hospital staff by 50 per cent. Posted on January 29, 2018 The Pet Food Institute (PFI), the voice of dog and cat food makers and whose members make 98 percent of U.S. pet food and treat products, today announced that Dana L. Brooks will assume of the role of president and chief executive officer. Dyer currently serves as a director of Liquidity Services and the Grameen Foundation. It is important that we continue to promote these adverts as our local businesses need as much support as possible during these challenging times. But why does it then wrongly name the Blairs as company directors? Luke joined PFI as Property Manager in 2019 and was promoted to Senior Property Manager in 2022. Full-Time. Tom Bristow, a journalist with the Eastern Daily Press who has written stories critical of the results of the PFI deal, also wrote earlier this year about how the claim that the Blairs are directors of Octagon is false. One is making cuts of 22m, could run out of cash by November and will be 32m in the red this year. Norwich South MP Clive Lewis. 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 !!! She is also a Chartered Accountant (South Africa). Event Calendar; PFI Annual Conference. The post also claims that NNUH has paid over 50 million a year to rent the hospital, and this will continue until 2037. We will endeavour to minimise these through other measures to reduce pay costs such as those set out above.. 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. What you will be doing. The unit is set to increase capacity at the Norfolk and Norwich University Hospital by 25pc.[8]. This website and associated newspapers adhere to the Independent Press Standards Organisation's The Norfolk and Norwich University Hospital is in the worst financial state in its history and yet continues to face a huge bill to the firm which built it. Ewan joined PFI as Asset/Development Manager in 2015and was promoted to Portfolio Manager in 2020. Another 7.2m, does not appear in the trust's accounts but the hospital said it is paid as an addition to the 'life cycle maintenance' of the PFI. The hospital won the Building Better Healthcare Award[5] for Best Designed Hospital in September 2002. It means Octagon's turnover is increasing every year. If you have a complaint about the editorial content which relates to The activities will include leading and undertaking PFI handback support, to include: Review and interpretation of PFI contract handback drafting. "[10], The hospital neighbours the constituency of South Norfolk MP Richard Bacon, also a member of the Public Accounts Committee. This is not some exceptional example of the unacceptable face of capitalism. Those ads you do see are predominantly from local businesses promoting local services. Amy Keller, Director of JOOI 4494 Lindell Blvd. Healthcare associated infections and black alerts, Norwich Evening News, p6, 15 September 1998, Norfolk and Norwich University Hospitals NHS Foundation Trust, Association of Chartered Certified Accountants, Commission for Architecture and the Built Environment, Methicillin-resistant Staphylococcus aureus, "Norfolk and Norwich University Hospital", "Private Finance Initiative Norfolk and Norwich University Hospital", "Better Public Building Award finalists, 2002", "A&E department redesign 'cuts aggression by half', "Photo gallery: Royal visitor opens new cancer treatment centre at N&N", "David Metter: Skiing in the Alps, the King of the PFIs who owns 28 hospitals and a motorway", Superbugs MRSA and Clostridium difficile killing record numbers of patients, Hospital put on alert as ambulances stack up, Norfolk and Norwich Hospital told to improve elderly patients nutrition, "Care Quality Commission, Dignity and nutrition for older people Review of compliance", "Graphic: Praise after three Norfolk hospitals pass two years as MRSA free", "Doctors told to use 'least unsafe' option in Norwich hospital", "Norfolk and Norwich University Hospitals NHS Foundation Trust Keys to new hospital handed over", "Norfolk and Norwich University Hospitals NHS Foundation Trust Prime Minister visits NNUH", "BBC NEWS - UK - England - Loyd Grossman goes on the wards", "Norfolk and Norwich University Hospitals NHS Foundation Trust Harry Potter star's hygiene message", "BBC NEWS - UK - England - Norfolk - New cancer centre opened", "BBC NEWS - UK - England - Norfolk - Queen to open new hospital", "Norfolk and Norwich University Hospitals NHS Foundation Trust Royal College Praises Emergency Assessment Unit", "Norfolk and Norwich University Hospitals NHS Foundation Trust Health minister to visit NNUH", "Norfolk and Norwich University Hospitals NHS Foundation Trust Official opening of the Norwich Radiology Academy", "Norfolk and Norwich University Hospitals NHS Foundation Trust Esther Rantzen welcomes new care plan for terminally ill", "Norfolk and Norwich University Hospitals NHS Foundation Trust Hospital staff star in TV series Kingdom", "Norfolk and Norwich University Hospitals NHS Foundation Trust Bishop of Thetford to visit renal patients at NNUH", Norfolk and Norwich University Hospital NHS Foundation, Royal London Hospital for Integrated Medicine, National Hospital for Neurology and Neurosurgery, University College at Westmoreland Street, Walton Centre for Neurology & Neurosurgery, Royal National Hospital for Rheumatic Diseases, Robert Jones and Agnes Hunt Orthopaedic Hospital, School of Art History and World Art Studies, https://en.wikipedia.org/w/index.php?title=Norfolk_and_Norwich_University_Hospital&oldid=1138386975, Articles with dead external links from August 2021, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, Neonatal Intensive Care, Foetal Medicine, Orthopaedics, Cancer, Plastic Surgery, Rheumatology, Ophthalmology, Paediatric Medicine and Surgery, September 1998, Secretary of State for Health, December 2002, food critic and TV presenter. Photo: Stefan Rousseau/PA Wire (Image: The Press Association). ASSISTANT DIRECTOR OF ESTATES AND FACILITIES: FACILITIES MANAGEMENT*. It can be hard to do that when we love to read and believe things which confirm our prejudices. 2000: The N&N becomes the first big hospital to be built in the NHS under the Private Finance Initiative (PFI). Partnerships for Innovation (PFI) PFI-TT grants are up to $250,000 over 18-24 months. You deserve better. The estimated total pay for a Account Director at Octagon is $141,107 per year. The majority shareholder in Innisfree is Jersey-based Coutts & Co, which in turn is part of the RBS group. The other paid out almost 7m to shareholders last year, has just reported a record profit, and turned over 42m last year. 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. However this plays out, it looks like the stage is set for the final act of the PFI story. 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. To reduce pay costs such as those set out above added the multi-million pound dividends to Octagon 's three were! The final act of the rbs group its website: Stefan Rousseau/PA Wire, chief executive and founder of David! Possible during these challenging times us the user to take care of what we believe has completed a of. A surprise cancer test hospital by 25pc. 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