What exactly is Serco?
Serco is one of a new breed of company that could be termed a ‘public sector corporation’ as approximately 98% of its turnover and revenue are derived from contracts outsourced by public bodies. These projects include operating speed cameras, electronically tagging offenders and running the Manchester Metrolink. Serco has governmental links at the highest level.ii It is involved in controversial PFIschemes, and has PFI, PPP and joint venture contracts with the MoD, Home Office and Department of Transport. It even runs airports in Iraq for the US and has counter-terrorist contracts including detecting radiological substances coming into the UK. Serco’s revenue in 2005 was £2.26bn, up 38% from the previous year, with profit before tax up 28.5%.
Hinchingbrooke Hospital in Huntingdon is now to be run by a For Profit,Offshore,Hedge Fund Backed, Tory Donor Organisation ...Circle Health They say it is not Privatisation...but it is all but We NOW find that Staff will be part of Clinical Groups AND be RESPONSIBLE for PROFIT & LOSS for Circle so WHAT are Circle doing?.... The Contract is in Circle Health's favour...they can get out at ANY TIME...with a small compensation to the Department of Health.. EMAIL - sgl5gjr@mail.com ....
