Milburn Private Health

Company owned by Alan Milburn had £663,000 profit increase in 2013-14

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Company owned by Alan Milburn had £663,000 profit increase in 2013-14

AM Strategy, owned by former Labour health secretary, generated income primarily from private healthcare consulting
Alan Milburn
Alan Milburn’s company, AM Strategy Ltd, has amassed net assets of £2m since the business was formed in 2006. Photograph: Richard Gardner/REX

Thursday 29 January 2015 16.19 GMT

A company owned by former Labour health secretary Alan Milburn recorded a £663,000 increase in profit last year, with the income generated primarily from a string of consultancy roles to the private healthcare sector.

Accounts filed with Companies House show that AM Strategy Ltd generated the income in 2013-14 at a time when Milburn worked as a senior adviser to Bridgepoint Capital, owners of one of the UK’s largest private companies delivering NHS healthcare, as well as working with PricewaterhouseCoopers, Lloyds Pharmacy and others.

The same accounts also show that the amount of cash held by the business – which Milburn jointly owns with his wife – increased by £463,000 to £1.76m as of the end of March 2014.

Milburn has previously described the purpose of AM Strategy as to “undertake media/consultancy work” on behalf of Milburn.

The disclosure of the scale of Milburn’s personal earnings comes after the former frontbencher sparked a political row on Tuesday after an interview critical of Ed Miliband’s NHS policy.

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This entry was posted in Defend NHS, Neo Liberal Milburn, New Labour NHS Privatisers, Save the NHS, The People's Assembly Derby and tagged , , , , , , .

Alan Milburn’s personal interest in resisting a public #NHS

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Alan Milburn’s personal interest in resisting a public NHS

By Wednesday, 28 January 2015 10:12 AM 4
Alan Milburn: Personally interested in private healthcare
Alan Milburn: Personally interested in private healthcare

What do Alan Milburn and John Hutton have in common?

Well the first thing they have in common is that both are former ministers in Tony Blair’s government.

The second thing they have in common is that both were appointed to work on reviews and commissions under the current Conservative-led government.

The third thing they have in common is that yesterday they both attacked Labour’s new anti NHS privatisation policy as a “fatal” error which could cost Labour the election.

Their comments followed a speech by Labour’s shadow health secretary Andy Burnham in which he pledged that the party would “call time on the Tory market experiment in the NHS.”

This new pledge was immediately attacked by Milburn as a “fatal mistake”.

“It would be a fatal mistake for Labour to go into this election looking as though it is the party that would better resource the NHS but not necessarily put its foot to the floor when it comes to reforming it,” he told the World at One.

These comments were promptly backed by Hutton. Asked about Burnham’s pledge to “cement” public provision of the NHS over the market, he replied that “I really don’t think that is where we should focus all our efforts” adding that there needed to be fundamental reform of the NHS instead.

However there is one final and crucial area which the two men have in common.

Both men have direct interests in the private healthcare industry.

Two years ago PriceWaterhouseCoopers announced that Milburn would chair their new Health Industry Oversight Board.

Commenting on his appointment, Milburn claimed that there were “strong opportunities for growth” in the private healthcare sector, which he would help PWC to exploit.

Among his other interests, Milburn also sits on the strategic advisory board for private healthcare company WellDoc, has been a vice-chairman of the Lloyds Pharmacy advisory board and chairs the healthcare industry company I Want Great Care.

Hutton is also far from an independent commentator on the issue. According to hisregister of interests, Lord Hutton is currently a director of private healthcare firm Circle Holdings. Like Milburn, he is also an adviser to PWC.

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