Quote:
Originally Posted by Pierre
Nothing wrong with PFI, if done correctly.
Labour cocked it up royally.
PFI should not be a dirty word, it's a good concept and can work.
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Correct. IMHO the PFI frenzy was politically motivated in a cynical attempt to 'buy' votes quickly - typical of Labour tactics of buy now pay later. As usual, those who negotiated the contracts on the public's behalf were inept with the result that many became virtual cash cows for the companies involved and have even been traded, making the original contract holders large profits for doing nothing.
Quote:
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Private contractors have pocketed hundreds of millions of pounds of profits in the past four years by exploiting deals that were controversially awarded to them by the last Labour government.
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http://www.independent.co.uk/news/uk...i-9488351.html