Blog Archive

Reports are saying that in today's Autumn Statement George Osborne will launch an updated version of Private Finance Initiative (PFI) called Private Finance 2 (PF2). The new PF2 initiative will provide a £1.75bn programme to build and refurbish 219 schools as well as the next generation of hospitals and roads. According to the FT, companies will have to disclose their annual profits from such dea...
[Read on about PF2 - NEW Private Finance Initiative]

There has been a very damning National Audit Report on the M25 widening scheme. It's not the first PFI project that has come under fire, the Royal Liverpool University hospital PFI is currently being delayed. What's this all about? It seems that the argument over value for money has gone awry. PFI schemes were the preferred method as they were more likely to come in on time and within budget. The...
[Read on about PFI: National Audit]