Anyone that still needs convincing PFI is bad news should read this:
publications.parliament.uk/pa/cm201719/cmselect/cmpubadm/748/748.pdf
For those without the time or inclination, Page 18 Para 45 sums it up.
"PFI financing costs more than government financing because the state can
borrow at a cheaper rate than the private sector. While we are confident that PFI costs
more than conventional procurement, neither we nor the National Audit Office nor
the Public Accounts Committee can find any evidence of the benefits the Government
claims for it. It is unacceptable that almost 30 years after the first PFI projects were
initiated, the Treasury cannot produce an evidence base to support its claims that PFI
is worthwhile for any reason apart from the fact that it takes debt off balance sheet."
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