"fundamental failure in the way the market is currently performing". Or the market is working very well at announcing a shortage of children's homes that some greedy capitalist should provide. (Net profit point notwithstanding)
Back of an envelope, five thousand quid a week (281,000/52) sounds like a heck of a lot. Institutional care must be extremely manpower intensive; it's three minimum wagers per inmate round the clock. The wibbling and quibbling about EBITDA is a diversion from the real issue. As they say, one mother can look after four children, but four children can't look after one mother.
i do think about these sort of things quite a bit.
I wonder if the property was council owned and provided "free" based on a company that ran the staff side of the business who tendered for the work.
A bit like the main roads
I personally think water should've been "privatised" like this. i.e. the water is public (as it's non competing) the build & maintenance is private, tendered and escrow (to prevent another Carillion).
"fundamental failure in the way the market is currently performing". Or the market is working very well at announcing a shortage of children's homes that some greedy capitalist should provide. (Net profit point notwithstanding)
Back of an envelope, five thousand quid a week (281,000/52) sounds like a heck of a lot. Institutional care must be extremely manpower intensive; it's three minimum wagers per inmate round the clock. The wibbling and quibbling about EBITDA is a diversion from the real issue. As they say, one mother can look after four children, but four children can't look after one mother.
i do think about these sort of things quite a bit.
I wonder if the property was council owned and provided "free" based on a company that ran the staff side of the business who tendered for the work.
A bit like the main roads
I personally think water should've been "privatised" like this. i.e. the water is public (as it's non competing) the build & maintenance is private, tendered and escrow (to prevent another Carillion).