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"This is not an Australian government project, it is a private sector firm from India and..
A private sector firm, CEA@Islington, was handed a seven-year contract to run the borough's schools in April last year in the first big government experimentation with privatisation.
Board papers published by the NHS Trust Development Authority reveal (pdf) that George Eliot hospital in Warwickshire, which serves 290,000 people, could be "franchised", with a private sector firm taking over its management.
The coffee chain said it would provide employees with an interest-free loan to pay for a deposit on a flat or house, in the first example of this kind of support by a private sector firm.
That meant the single project company, which is a spin-off of India's largest listed private sector firm, Reliance Industries, raised 81 billion rupees ($1.8 billion) from its offer, which essentially comprises a construction site that will generate its first full year of earnings only in 2010.
Manuel Cortes, leader of the TSSA transport workers' union, which is campaigning to ensure FoI applies, says it will mean "a public sector firm, carrying a £30bn debt mountain and with a five-year spending budget of £38bn, being removed from financial scrutiny by the very people who are paying all these vast bills – the UK taxpayers".
Similar(41)
But in the retail sector firms compete on the basis of past returns, not price.
A separate sentiment indicator covering services sector firms fell to 92 from 93 in April.
Private sector firms, at least, have a clear goal: the bottom line.
A Ph.D. student argued that these private sector firms do a lot more to alleviate poverty than nongovernmental organizations.
According to the CIPD survey there are now 4.5m private sector firms in Britain compared with 160,000 in 1952.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com