http://www.telegraph.co.uk/news/newstop ... ckets.html

and this is interesting:

http://uk.finance.yahoo.com/news/Does-n ... 55620.html

I had a talk with John Kay from the Financial Times in the Bank of England about PFI's some years ago before the crash. We both agreed then that they were a scam and a waste of money. they should never have been allowed to go ahead. I think that unless there is a radical way of breaking these contracts or nationalising the contractors will there be a way out of these unfair contracts.


Yes but private business is not always perfect either. How many of you have seen a complete waste of money at your employer? Probably everyone. it is just not reported so the fallacy of private efficiency is born.

I will admit that I am a Keynesian but that does not mean tax and spend. Keynes said that during booms that the government must run surpluses to stop bubbles and keep the economy from overheating. Though when aggregate demand is low then spend your way out of the recession. That seems to be the only lesson learned by politicians. When Conservatives get into power and see a surplus they use it for tax cuts, which if you believe them stimulate the economy but when it crashes the tax base is so much lower that they cannot afford the deficit so have to cut spending again. Creating a vicious cycle.

Well before the credit crunch, the general feeling amongst doctors was that PFIs were huge scams. Problem is that given the Govt has taken the "power" from doctors and given it to nurses and other non/clinicians, no one can hear them.

I agree that the PFI PPP or whatever name they go under were a scam from the time of Tories. New Labour did not improve them. They were just as badly prepared.