BUSINESS

Councils persist with PFI despite Government doubts

The future of Private Finance Initiative (PFI) projects has been called into doubt with the publication of a damning report.

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By Martin Ford | 22 June 2018

The future of Private Finance Initiative (PFI) projects has been called into doubt with the publication of a damning report.

MPs on the Public Accounts Committee (PAC) said there was a lack of proof that PFI and PF2 (Private Finance 2) deals offered value for money and found that half of the equity holders were based offshore.
 

Martin Ford

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Martin Ford

Popular articles by Martin Ford

  1. Councils brace for reorganisation push
  2. Ombudsman calls for more powers
  3. Call for courage over failing council finances
  4. Government will 'not hesitate' to intervene in planning
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