The Guardian view on private equity in the public sector: children’s services must be freed from debt-fuelled takeovers | Editorial
New analysis by the Guardian has revealed the disturbing extent of these firms’ influence in highly sensitive areasChildren’s homes and care placements are not ordinary commodities. Yet Britain has allowed some of its most sensitive public services to become assets in private equity portfolios: bought, loaded with debt, restructured and sold, while the state continues to fund the contracts and vulnerable people carry the risk when things go wrong.Private equity’s role in public services is not notional. The year after…
Source: www.theguardian.com