Despite saying how much they hated PFI, the government is to press ahead with 61 PFI (private finance initiatives). The Chancellor when in opposition he denounced them as poor value for money.
The 61 projects worth a staggering £6.9 billion have been taken forward since the general election by the coalition Government.
The Labour Party loved throwing our money towards private companies, comitting future generations to many years of waste.
Darren Johnson, Trade and Industry spokesperson for the Green Party said today, “In opposition both Osborne and Vince Cable said that PFI was poor value for the taxpayer. The Chancellor described it as ‘a discredited model’ whilst the Business Secretary called it “a dishonest system of accounting, designed to hide taxpayers’ liabilities.” Now they are in Government, they intend to press ahead.”
The Green Party has likened PFI to a giant scheme of outdoor relief for private contractors, equivalent to buying your house on a credit card. Darren Johnson concluded, “We would end it.”
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