The bad consequences of private finance initiatives are well known, from schools paying thousands of pounds for simple jobs such as installing blinds rather than employing teachers to the National Health Service being gouged for debt repayments when it could be treating more patients. A report last week by the Centre for Health and the Public Interest think tank found that over the next five years almost £1 billion of taxpayers’ money will go into the coffers of PFI providers to the NHS. According to Stella Creasy, Labour MP for Walthamstow, PFI companies are the “legal loan sharks of the public sector” that Theresa May should take on if she is serious about tackling capitalist excess. If PFI’s fat cats do not agree to lower…

Source: The Times September 03, 2017 23:03 UTC