Last night the Lords approved the regulations that will effectively privatise the NHS, and this diagram from the latest New Economics Foundation / Tax Justice Network mythbuster shows why:

With the NHS privatised companies can cream off the NHS budget for themselves and we'll move towards US cost levels, inevitably, as the cost of admin and litigation will spiral out of control with no gain in healthcare resulting.

That's why the Lords voted for privatisation: they were out to help their friends.

And we'll all pay the price.

Weep quietly. That's all you can do now.