13 Hrs
Source:
The Guardian
UK public contracts: private equity's £1 in every £11
Private equity-backed firms received nearly £24.4 billion of UK government contracts in the year ending April 2025, accounting for about 8.8% of public sector spending on contractors. This includes significant portions of local government services, NHS contracts, and infrastructure, raising concerns over financial fragility, cost-cutting, and conflicts of interest in the management of public services. Critics worry that profit-driven motives and high debt levels among private equity firms pose risks to service quality and employment stability across sectors such as healthcare, transportation, and social care.
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