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Essexyellows
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QR
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You ignorance really knows no depths!!!
The truth is outsourcing of care homes for the young and old has been led by Tory councils for years and allowed by Tory governments for years (although Blair's right wing mob could have done better on this as well). Others have followed as they did not have/could not afford the debt charges on the capital to invest in the brick and mortar, which is where private equity came in. That and the move to a commissioning based approach to services on the back of the Tory mantra that the market knows best and the market will force down costs.
It's a con and a stitch up by those with the capital wanting to put their money in safe investments (and there are none safer than those that are government backed). We need governments that work for the people and are not just puppets for those with the money.
(and while we are at it, privatise the railways!)
Essexyellows
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You ignorance really knows no depths!!!
The truth is outsourcing of care homes for the young and old has been led by Tory councils for years and allowed by Tory governments for years (although Blair's right wing mob could have done better on this as well). Others have followed as they did not have/could not afford the debt charges on the capital to invest in the brick and mortar, which is where private equity came in. That and the move to a commissioning based approach to services on the back of the Tory mantra that the market knows best and the market will force down costs.
It's a con and a stitch up by those with the capital wanting to put their money in safe investments (and there are none safer than those that are government backed). We need governments that work for the people and are not just puppets for those with the money.
(and while we are at it, privatise the railways!)
I think you might mean nationalise........ obviously don`t remember how trains were!
Nothing wrong with investments providing a return for your & mine pensions.
Nothing wrong with investments providing a return for your & mine pensions.
As long as they aren't ripping us off in the process like this particular scam (albeit legal).
Manorlounger
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I think you might mean nationalise........ obviously don`t remember how trains were!
Nothing wrong with investments providing a return for your & mine pensions.
CMA outlines concerns on availability and price of children’s care
The CMA’s interim report on children’s social care has outlined significant concerns about the availability of placements and the profits of private providers.
Essexyellows
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CMA outlines concerns on availability and price of children’s care
The CMA’s interim report on children’s social care has outlined significant concerns about the availability of placements and the profits of private providers.www.gov.uk
- Market studies, like this one, may lead to a range of outcomes, including recommendations to businesses in the market and to the government to change regulations or public policy.
So do you try it and see if it works or just carry on doing the same thing and expecting different results?
If there is a 23% margin to be made then why can`t LA`s make it work?
It also seems that Scotland (no profit allowed) can`t get it right either.
So how do you fix it? We seem to have come on some distance from children's homes of the past (eg: when I was a kid!).
Sheik djibouti
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"The largest private providers could be earning higher profits than the CMA would expect in a well-functioning market"
In other words they are being dishonest about the true cost of provision so that they can squeeze a bigger return out for their investors. And unsurprisingly the level of care provision is in an eternal race to the bottom from such firms....as with so many services that have been privatised.
But as long as our pension pots look healthy....who give a s**t, right
In other words they are being dishonest about the true cost of provision so that they can squeeze a bigger return out for their investors. And unsurprisingly the level of care provision is in an eternal race to the bottom from such firms....as with so many services that have been privatised.
But as long as our pension pots look healthy....who give a s**t, right
Essexyellows
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"The largest private providers could be earning higher profits than the CMA would expect in a well-functioning market"
In other words they are being dishonest about the true cost of provision so that they can squeeze a bigger return out for their investors. And unsurprisingly the level of care provision is in an eternal race to the bottom from such firms....as with so many services that have been privatised.
But as long as our pension pots look healthy....who give a s**t, right
There is a "Catch 22" caused by population growth.
You have to find imaginative new ways to fund the pyramid.
And whoever benefits at the top someone always suffers at the bottom.
Drive your "green" Tesla but don`t think of the child mining Cobalt in a far off land......................
Sheik djibouti
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No chance most normal folk can afford a tesla in any case.
Force them to include more recovered materials in the manufacture
Force them to include a higher rate of recyclable materials (95% at present)in the manufactured product
Force car manufacturers to provide a zero cost take back scheme
Force higher levels of battery recycling and materials recovery
All of which is already happening, thanks to pesky EU legislation
Force them to include more recovered materials in the manufacture
Force them to include a higher rate of recyclable materials (95% at present)in the manufactured product
Force car manufacturers to provide a zero cost take back scheme
Force higher levels of battery recycling and materials recovery
All of which is already happening, thanks to pesky EU legislation
Essexyellows
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No chance most normal folk can afford a tesla in any case.
Force them to include more recovered materials in the manufacture
Force them to include a higher rate of recyclable materials (95% at present)in the manufactured product
Force car manufacturers to provide a zero cost take back scheme
Force higher levels of battery recycling and materials recovery
All of which is already happening, thanks to pesky EU legislation
*Proposed EU legislation.
New EU Rules Must Boost Plastic Car Parts Recycling – And Have A Knock-on Effect Worldwide
Bumpers, gears, tyres… Upcoming EU legislation is about to raise the bar for rules for reusing and recycling auto parts, potentially including a dedicated target for plastic component recycling rates. Standards will be crucial to make sure policy objectives are realised in practice. Both...
autorecyclingworld.com
Sometime in the next who knows when........... and how it will impact a global car market.
Sheik djibouti
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Nope. 95% recycling rate for end of life vehicles is ALREADY the requirement. As is free take back.
Sheik djibouti
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Consumer choice.
Don't buy it.
And hope they invest in more localised manufacture....like UK or EU based...
To me, it's just an absurd notion that any company should be making a profit from the provision of child care social services.
Private equity should be about providing capital to companies to grow and optimize their businesses, thus creating value that the private equity company gets to share in.
But there's no commercial value to be created in foster care placements - no individual in that chain is paying for any services - it is a necessary social service that is paid for wholly by the taxpayer, so private equity should have nothing to do with it. If services can be managed and run for 25% less cost without compromising on the children's needs, then that's great, but that should be less money that's taken from taxpayers, not money put in the pockets of "investors" who are just looking to avoid the risks that ought to be inherent in their profession.
It varies state-by-state, but here in New Jersey, child foster care services are funded and provided wholly by the state government, with some federal subsidies (some adoption agencies are private, but that's a little different, as they can then squeeze money out of adoptive parents). They're mostly completely incompetent, but that's another story (and some of the worst US horror stories about incompetence in the foster care system come from private agencies in NY).
When companies in the UK are making money off of services that are state-controlled in the US......you know that more questions ought to be being asked!
Private equity should be about providing capital to companies to grow and optimize their businesses, thus creating value that the private equity company gets to share in.
But there's no commercial value to be created in foster care placements - no individual in that chain is paying for any services - it is a necessary social service that is paid for wholly by the taxpayer, so private equity should have nothing to do with it. If services can be managed and run for 25% less cost without compromising on the children's needs, then that's great, but that should be less money that's taken from taxpayers, not money put in the pockets of "investors" who are just looking to avoid the risks that ought to be inherent in their profession.
It varies state-by-state, but here in New Jersey, child foster care services are funded and provided wholly by the state government, with some federal subsidies (some adoption agencies are private, but that's a little different, as they can then squeeze money out of adoptive parents). They're mostly completely incompetent, but that's another story (and some of the worst US horror stories about incompetence in the foster care system come from private agencies in NY).
When companies in the UK are making money off of services that are state-controlled in the US......you know that more questions ought to be being asked!
QR
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I almost posted this under 'The world's gone mad' thread....
Investment trusts trying to squeeze money out of.... Wait for it!..... the provision of accommodation for the homeless!!!
But its not just the investment trusts it's the investors who short them!!!
This is a list of all the companies looking to take their pound of flesh from a single operation.
Home Reit - real estate listed investment company
Scottish Widows - investor
M&G - investors
BDO - accountants
Viceroy Research - investor short selling
Alvarium - HomeReit's investment advisors
Simpact Group - a specialist social housing property manager (to help with rent collection and review the company’s portfolio and tenants)
This is probably not an exhausted list.
And do you know what they think the problem is....
“You’ve got a number of macro factors that make this sector look troubled. You’ve got a decline in property prices, which is going to force these companies to re-evaluate their property portfolios,” said Robertson.
“You’ve got higher interest rates, which is going to increase their cost of borrowing and they are making most of these acquisitions with quite a bit of leverage, so you can see that higher rates would hit them quite hard. You’ve got governments squeezing spending, another round of austerity, and local governments are going to feel the pinch.”
NO! It's that you are trying to make money out of providing homes to homeless people, the majority of whom can't afford a bloody grotty one bed fffff flat!! See what a private education can get you eh!
www.theguardian.com
Investment trusts trying to squeeze money out of.... Wait for it!..... the provision of accommodation for the homeless!!!
But its not just the investment trusts it's the investors who short them!!!
This is a list of all the companies looking to take their pound of flesh from a single operation.
Home Reit - real estate listed investment company
Scottish Widows - investor
M&G - investors
BDO - accountants
Viceroy Research - investor short selling
Alvarium - HomeReit's investment advisors
Simpact Group - a specialist social housing property manager (to help with rent collection and review the company’s portfolio and tenants)
This is probably not an exhausted list.
And do you know what they think the problem is....
“You’ve got a number of macro factors that make this sector look troubled. You’ve got a decline in property prices, which is going to force these companies to re-evaluate their property portfolios,” said Robertson.
“You’ve got higher interest rates, which is going to increase their cost of borrowing and they are making most of these acquisitions with quite a bit of leverage, so you can see that higher rates would hit them quite hard. You’ve got governments squeezing spending, another round of austerity, and local governments are going to feel the pinch.”
NO! It's that you are trying to make money out of providing homes to homeless people, the majority of whom can't afford a bloody grotty one bed fffff flat!! See what a private education can get you eh!
‘We owe our landlord £1m in rent – but they’ve left us with substandard homes’
Homeless charity’s fight over rent arrears adds to property funds’ woes, including rising interest rates and sceptical investors
www.theguardian.com
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