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TOPIC: PFI is perhaps the most Tory policy of all

PFI is perhaps the most Tory policy of all 20 Jan 2018 13:34 #5808

  • Paul-UB40
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FRIDAY, JANUARY 19, 2018

THE sheer scale of the ongoing costs of private finance initiative (PFI) contracts should shock but not surprise.

The National Audit Office (NAO) calculates that, even with no more dodgy PFI deals struck, the public is on the hook for £200 billion of payouts — over £10bn this year and with payments stretching off into the 2040s.

And for what? For contracts with a capital value of £60bn!

From start (under John Major in the 1990s) to finish (whenever Jeremy Corbyn’s Labour gets the keys to No 10), PFI and all its related concoctions have been and continue to be a swindle of the most extreme proportions.

PFI is perhaps the perfect Tory policy: pay the private sector to build something, and then pay the private sector for the privilege of paying the private sector to build something.

It is the privatisation of not only the construction and servicing of what should be fully public services, but the privatisation of their funding too. And at every link in the chain — and well after you run out of chain, it seems — privateers get to pad their pockets from the public purse.

Read More Here;
www.morningstaronline.co.uk/article/pfi%20is%20perhaps%20the%20most%20tory%20policy%20of%20all
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PFI is perhaps the most Tory policy of all 21 Jan 2018 09:43 #5824

  • miguel1975
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If by Tory you mean Tony Blair, yes!
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PFI is perhaps the most Tory policy of all 21 Jan 2018 19:36 #5832

  • dboy
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miguel1975 wrote:
If by Tory you mean Tony Blair, yes!

Tony Blair was the bastard love child of Margaret thatcher, so yes it could be rightly argued he was a left wing tory.
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