Barnet Council out sourced Care Homes to Catalyst and Lost an £8 million claim because Catalyst weren't making enough profit.
They also lost £27.4 million in mismanaged Icelandic Investments.
My comment: Although they like to think they are, public authority management and elected representatives are not savvy enough to do any kind of deal with the private sector. Unfortunately when they cock things up, which is most of the time, it's the services they are supposed to provide and the grass roots workers who suffer. What motivation is there to improve when you don't have to suffer the consequences of your actions?
Get more information by watching the full movie on You Tube 'Barnet Eye The Movie'
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