ref date:5 Aug 2001 (HEA)
Private finance initiative FAILING miserably to deliver
Nothing is for nothing in business. The PFI (private finance initiative)
was meant to be a boost for public works in terms of schools, homes,
hospitals etc, but all we see is lies, failure , soaring costs and defaults
on contracts terms.
This right wing Tory ploicy supported by Blair is a massive flop and
it is sucking money from Scotland and England.
The cost of building the first 14 private sector-financed NHS hospitals will be at least £1.3 billion - almost double the original £766m estimate - according to the GMB union.