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Gold, incentives and meh

No help with GPs' £120k loan penalty

Dr Barrie Davies and Dr Sanka Das have attacked the Welsh Assembly for failing to help them with a £120,000 penalty on their loan with the General Practice Finance Corporation.

The 54- and 58-year-old doctors in Rhondda, South Wales, said they had little hope of attracting GPs to such a deprived area to take over their shares when they retire.

Endowments may not cover the capital if they sell and renting the practice would not meet interest costs, possibly leaving them with capital to pay off until 2026.

Dr Davies said they were encouraged to build the new practice in 1993 using the cost-rent scheme but the Welsh Assembly now refused to help.

'The Assembly is letting down doctors who invested to improve services in primary care,' he said. 'It's difficult to attract partners who want to own property. The market no longer exists.'

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