Reply to topic  [ 5 posts ] 
PFI projects 'poor value for money', say MPs 
Author Message
Legend
User avatar

Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
Reply with quote
http://www.bbc.co.uk/news/uk-politics-14574059

Quote:
The Private Finance Initiative (PFI) used by successive governments to pay for new schools and hospitals is poor value for money, MPs have said.

The Treasury select committee said PFI was no more efficient than other forms of borrowing and it was "illusory" that it shielded the taxpayer from risk.

Government had become "addicted" to PFI, the committee's Tory chair said.

A government source said it had already acted to make PFI more transparent and rigorous and cut the cost of projects.

Following criticism that the true costs of PFI were being hidden "off balance sheet" and excluded from government debt calculations, the coalition published details of total PFI liabilities for the first time last year alongside the national accounts.

PFI was introduced by John Major's Conservative government in 1992 as a way of bringing in private funding to pay for major public infrastructure projects.

We knew for years. :roll:

_________________
Do concentrate, 007...

"You are gifted. Mine is bordering on seven seconds."

https://www.dropbox.com/referrals/NTg5MzczNTk

http://astore.amazon.co.uk/wwwx404couk-21


Fri Aug 19, 2011 8:22 am
Profile
I haven't seen my friends in so long
User avatar

Joined: Thu Apr 23, 2009 7:10 pm
Posts: 5490
Location: just behind you!
Reply with quote
the treasury committee have also announced they have discovered the Pope to be catholic and bears defecate in the woods.

_________________
johnwbfc wrote:
I care not which way round it is as long as at some point some sort of semi-naked wrestling is involved.

Amnesia10 wrote:
Yes but the opportunity to legally kill someone with a giant dildo does not happen every day.

Finally joined Flickr


Fri Aug 19, 2011 8:27 am
Profile
Legend
User avatar

Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
Reply with quote
bobbdobbs wrote:
the treasury committee have also announced they have discovered the Pope to be catholic and bears defecate in the woods.

Amazing how quickly a budget squeeze highlights how bad these projects were. The two main parties have a lot of explaining to do.

_________________
Do concentrate, 007...

"You are gifted. Mine is bordering on seven seconds."

https://www.dropbox.com/referrals/NTg5MzczNTk

http://astore.amazon.co.uk/wwwx404couk-21


Fri Aug 19, 2011 8:52 am
Profile
Doesn't have much of a life

Joined: Thu Apr 23, 2009 6:23 pm
Posts: 710
Reply with quote
Amnesia10 wrote:
The two main parties have a lot of explaining to do.


I am aware the pope has a lot to answer for, but bears?

_________________
No Apples were used in the making of this post.


Fri Aug 19, 2011 11:26 am
Profile
Legend
User avatar

Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
Reply with quote
mikepgood wrote:
Amnesia10 wrote:
The two main parties have a lot of explaining to do.


I am aware the pope has a lot to answer for, but bears?

Yes why they haven't been taking their poop home and not leaving it in the woods.

_________________
Do concentrate, 007...

"You are gifted. Mine is bordering on seven seconds."

https://www.dropbox.com/referrals/NTg5MzczNTk

http://astore.amazon.co.uk/wwwx404couk-21


Fri Aug 19, 2011 11:49 am
Profile
Display posts from previous:  Sort by  
Reply to topic   [ 5 posts ] 

Who is online

Users browsing this forum: No registered users and 12 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Search for:
Jump to:  
Powered by phpBB® Forum Software © phpBB Group
Designed by ST Software.