tag:blogger.com,1999:blog-4189021335579222470.post5822693013615974170..comments2024-03-15T09:19:54.968+00:00Comments on Mr Mustard (mrmustard@zoho.com): "Investment" = borrowing from CapitaMr Mustardhttp://www.blogger.com/profile/12522242686839965655noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4189021335579222470.post-73122905637666514872012-12-11T10:02:04.111+00:002012-12-11T10:02:04.111+00:00And apropos borrowing.... Back to school on borrow...And apropos borrowing.... Back to school on borrowing, George<br />http://opinion.publicfinance.co.uk/2012/12/back-to-school-on-borrowing-george/<br />wonder what was our sin to deserve such a ramms.Ronhttps://www.blogger.com/profile/10650599998897942111noreply@blogger.comtag:blogger.com,1999:blog-4189021335579222470.post-90105964928400901812012-12-11T07:31:53.410+00:002012-12-11T07:31:53.410+00:00"John Newton, commercial lead for the outsour..."John Newton, commercial lead for the outsourcing, insisted the £8m was not simply Capita's cost of starting up the contract, transitioning staff and systems.<br /><br />"It is a combination of transfer and transition, and the other component is a Barnet-specific investment to provide a data warehouse," he told Computer Weekly.<br /><br />"But there is investment going in. In cash terms, I wouldn't make a huge distinction between boxes and wires in one location or another, or the change management type of investment that goes into changing process. The thing for me is a very substantial up-front cost by Capita, to give us the financial benefit."<br />http://www.computerweekly.com/news/2240173932/Capita-to-cut-70-of-staff-in-Barnet-council-outsourcing-deal<br /><br />So it is even less - within this so-called investment is hidden Capita own expenses, which has nothing to do with investment. We demand to see the details!<br />Ronhttps://www.blogger.com/profile/10650599998897942111noreply@blogger.comtag:blogger.com,1999:blog-4189021335579222470.post-75584455863543152552012-12-10T12:00:34.262+00:002012-12-10T12:00:34.262+00:00Crucially, Capita tell their shareholders that the...Crucially, Capita tell their shareholders that they expect a return on capital investment of 17%. A local authority can borrow at significantly lower rates than this in the current climate. It is the equivalent of borrowing from WongaJaybirdhttps://www.blogger.com/profile/00837834833034746377noreply@blogger.com