Hospital Corners
13 September 2012
The private finance initiative is a wonderful way to make the private sector pay for public-sector improvements - or is it? Here is a more sceptical attitude…
Accountants are usually a cautious bunch so it is particularly surprising that they seem to have been caught unawares by the private finance initiative (PFI). Few seem to realise that this is a financial time bomb for the government and taxpayers, a social catastrophe for millions of people who depend on public services, and a bonanza for the private sector.
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