Private equity has a significant stake in many day-to-day services across the UK – including essentials such as elderly care and funerals‘Financial pandemic’: £1 in every £11 spent on UK public contractors goes to private equity‘Treating children like cattle’: what happens when private equity takes over a UK care home?A Guardian investigation has revealed that as many as one in eight workers in Britain are employed by companies ultimately controlled by private equity firms, highlighting just how deeply embedded they have become in everyday life.Private equity firms are investment companies that raise money from investors and banks to acquire and manage other companies, in order to eventually resell them for a profit. Politicians and economists have raised concerns about the “exponential” growth of private equity in the UK over the last two decades. Continue reading...
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