Tag Archives: PFI

Private Finance Initiatives are a huge ticking time-bomb of debt

These deals represent a colossal public subsidy to select private companies, all hidden from the taxpayer “…apparent savings [from PFI] now could be countered by the formidable commitment on revenue expenditure in years to come.” Alistair Darling, 1997 (As transport secretary 2003-2006, Alistair Darling supported major new PFI projects) The government’s use of PFI [the private finance initiative] […]