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Outsourcing: a solution for NHS dentistry?

Remember the old maxim: if it looks too good to be true, it probably is, says Michael Watson

Those of you with shares in G4S or Serco will have noticed a rather alarming drop in their value last week. This followed a House of Commons statement by Chris Grayling, the Justice Secretary, ask after it emerged the two security firms had overcharged the government by tens of millions of pounds for non-existent electronic tags.

Now the two companies together are valued by the stock market at over £6 billion and they will not have a problem repaying any money that they shouldn’t have received. What will concern them more is the damage to their reputation and, in the case of G4S, an investigation by the Serious Fraud Office.

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