Which ringfence is this then?

An interesting scoop from Channel 4 news who have discovered that despite the assurances from Alistair Darling to increase hospital spending,it has learnt

that the Department of Health plans to cut expenditure on new hospitals and crucial equipment - known as capital spending - by 22 per cent in the next financial year

Total capital spending will be £1.4bn less in 2010/11 and that's partly because contribution from private finance is expected to almost halve from just over £1 billion to just £580m.