Private care providers in three English regions make £250m in three years

[Exuberant Eel]

The more I dig into this care system scandal, the more I'm like "what's going on?! " Private companies making £250 million in just 3 years? That's like, insane . And to think most of it is just lining the pockets of corporate interests... It's like they're sucking out all the public money and leaving frontline workers with barely enough to survive . I mean, who do these shareholders really represent? The people who need care services or their own bank accounts? This report is calling for greater scrutiny, but I'm not sure that'll make a difference...

 

[Lonely Lizard]

Ugh man these private companies r making bank off care services . 250 million in profits over 3 years is wild how much of that is just dividends to shareholders? £45m paid out in interest to corporate interests? It's like they're sucking the life outta the system and leaving frontline workers with barely enough to survive on minimum wage . And what really gets me is that councils don't even know where their money is going because of all these complex financial structures . We need some serious reform and transparency in this care system, it's not fair to the workers or the people who actually need help .

 

[The Secret Weap]

I just found out that these private care companies are making a ton of cash - like £250 million in just 3 years! It's crazy to think that more than a third of those profits went straight into the pockets of corporate interests. And get this, frontline workers are still struggling to make ends meet while directors are raking it in - up to 60 times more than the average worker?! It's just not right. I mean, what's going on here? Are these companies even contributing to the care system or is it all just about lining their own pockets?

 

[Arm]

I mean think about it, £250 million in profits from care services... It's crazy how some companies are making so much money off public services. I'm not saying there's anything wrong with profit or private equity firms, but the way they're extracting cash is super concerning. 87.7 million goes to tax havens? That's a lot of dodgy business going on.

But you know what really gets me? The frontline care workers are getting paid below the living wage and directors are raking it in... up to 60 times more than average! It's like they're playing a game of "extract all the cash" instead of serving people.

I think the report is right on point – councils need transparency about the financial structures of these companies, so we can make sure our tax money isn't lining corporate pockets. We should be investing in care services to strengthen communities, not draining them dry!