Southern Cross Healthcare, the UK’s largest private care home operator says dramatic cuts to public spending will squeeze its profits. http://www.guardian.co.uk/business/2010/aug/09/southern-cross-care-home-profits.
The Guardian report provides a useful summary of the impact of public spending cuts on the public services industrial complex.
Incidentally, Solomon Hughes, writing in last Friday’s Morning Star exposed high level New Labour connections to Southern Cross Healthcare:
http://morningstaronline.co.uk/index.php/news/content/view/full/93715
