Continuing previous thread….. The alternative to PFI is to fund public infrastructure using government’s reserves or money borrowed on the international markets, e.g. government gilts and bonds.
Continuing previous thread …. Public Finance Initiative (PFI) projects are more expensive than using public money because: In a PFI project money has to be raised in the financial markets – the cost of private borrowing will always be more expensive (typically 1.5% above bank base rates) compared to government money raised with bonds and […]
The Private Finance Initiative (PFI) was a Tory idea, which, in opposition, New Labour strongly opposed. But as soon as Labour came to power they fully embraced it and declared that PFI would become the means by which most of our new public infrastructure would be built. Everything from schools to hospitals to roads are […]