The worlds “local bank”: owner of UK state schools and NHS hospitals
HSBC and other investment funds are taking control of UK schools, hospitals, social housing and other vital pieces of public infrastructure via the Private Finance Initiative (PFI).
Tory use of PFI slammed by NAO and, er, Tories
A new report by the National Audit Office (NAO) has slammed PFI yet again, as evidence against the scheme continues to mount.
Tory Hypocrisy on PFI Shines
Despite criticising PFI in opposition and describing the scheme as “discredited”, chancellor George Osborne is due to sign off 40 of these projects this year.
Finding the Facts on PFI
Obtaining information about PFI is both difficult and time consuming despite the coalition’s mission to become the “most open and accessible government in the world”.
Treasury Committee investigates PFI
An inquiry into the future of the PFI by The Treasury Select Committee is underway. Calls for evidence began on the 8th of March and will continue until April the 28th.
PFI: A History of Failure
PFI under New Labour became more about neoliberal dogma than efficiency or any benefit to the public. PFI projects cost much more than conventionally funded projects
What’s wrong with PFI?
Classical economics holds that the private sector is more productive and efficient than government because of competition. But this is simply false. And there are aspects of PFI that completely disprove this assumption.