The plebs and PIIGS of London (Londoners from Portugal, Italy, Ireland, Greece and Spain) greet the toffs, politicians, bankers and business ‘leaders’ at the Lord Mayor’s Banquet.
Seven NHS trusts are on the brink of bankruptcy due to their “sky-high” PFI commitments. The Department of Health has been forced to set up a bailout fund of £1.5 billion to ensure their survival.
As part of our War on PFI campaign we are holding a meeting to expose and take action against the profiteering of Public funds under the the Private Finance Initiative. All welcome.
Under PFI, big business has screwed the public sector, spawning a legacy of odious, off-the-books debt. Our national deficit would be around 25% greater if it was included by the Treasury
Guess what Spain, Greece and Italy’s fiscal crises all have in common? They were all preceded by government splurges on PFI, or, as it’s known on the continent, PPP.
Globalise Resistance will soon be announcing a public forum examining the money sapping scheme of PFI, which is costing the UK taxpayer hundreds of millions of pounds every year, and which escapes the attention of government cuts.
Rejected as an economically viable method of building at home, business leaders and government departments are insisting on exporting PFI wherever they can overseas.