PFI: a worthwhile investment?

After some early disasters, the public sector seems to be learning how to make PFIs work for taxpayers. Cathy Hayward reports

When cabinet minister Paul Boateng stood up to talk about the private finance initiative at last year’s Labour Party conference, he must have known a standing ovation was unlikely. But Boateng was unprepared for the booing, slow handclapping and shouts of “rubbish” as he rejected union calls for a review of Labour’s flagship policy, saying it would halt investment....

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