The PFI programme, launched under John Major and expanded under Tony Blair and Gordon Brown, is to be reviewed after concern its long-term costs outweight its short-term savings.

The Government has announced plans to review the private finance initiative (PFI) and consider other delivery models, the Chancellor announced on November 15. The objective of the review, led by the Treasury, is 'to create a new model for delivering public assets and services that takes advantage of private sector expertise, but at a lower cost to the taxpayer.'