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juvenal

Private Finance Initiatives - The Real Cost

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Once business cottoned on to the fact Labour are generally thick, they soon exploited the Labour Govt!

Just look at the recent resignation of the shadow chancellor Alan Johnson, he used to be a post man for crying out loud! What qualifications?

Then theres Gordon Brown what qualifications did he have to be Chancellor let alone prime minister?

Is it any wonder this country is screwed up financially?

So what does that say about the other party, you know, the real Tories, Thatcher and her lot, who started the PPP thing (both practically and ideologically)?. Yes, Nu Lab took it to far greater legnths thatn the Thatcher government dared to...just watch what this lot do now. The Murdochs and the supermarkets haven't even started yet...NHSTESCO anyone? And of course a mere postman couldn't hope to compete with the intellectual giants in our present government. I'm afraid I'm no longer impressed by RP and a degree from Cambridge if it results from being spoon fed at an expensive public school. Educated? Yes after a fashion. Great critical thinkers...I'd go with a radical postie for that.

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In principle, PFI is neither a good nor a bad idea. What makes most PFI contracts bad, however, is the terrible deals that were struck between the govt and the private sector.

If the government can simply borrow the money by issuing gilts and pay for infrastructure up front at a cheaper rate than the long-term fees paid under PFI contracts, then it should do so. If the PFI contracts work out cheaper, and if the private contractors genuinely bear the risk, then PFI is a good idea.

The problem is that Labour were in charge at the time. I don't like the Tories in principle either, but at least most of them are not muppets; they're just nasty and greedy and support the establishment to the detriment of the country as a whole.

Edited by WageslaveX14

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A chimp with brain damage could see that PFI was going to cost the earth. Plenty of people said so at the time.

Yes even the most moronic person could see it was a bad idea. Sadly that didn't stop Mrs Thatcher from doing it. If only we had had a left wing government to throw out this nonsense instead of Thatcher fan Blair who did more of it.

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Yes even the most moronic person could see it was a bad idea. Sadly that didn't stop Mrs Thatcher from doing it. If only we had had a left wing government to throw out this nonsense instead of Thatcher fan Blair who did more of it.

Had a feeling Thatcher would be blamed, even though I suspect PFI only came in under John Major, and even then it depends on the kind of deal/contract struck.

Personally that Benjamin Disraeli has a lot to answer for!

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the idea behind pfi in thatcher days was to fund one off big ticket items like the channel tunnel, where the long term benefits could justify in the initial cost of the pfi loan. not to use them for everyday spending like hospitals and schools, which snot gobbler did, just lto eave out the debt he incurred from the balance sheet. why is there no large scale condemnation of this dangerous man. if he was not stupid then he was extremely corrupt. yet if you listen to the bbc and their likes, they use a tone of pathos to describe him. poor gordon he did great for the country, but the country voted him out. now instead of being an mp, he is writing memoirs, visiting africa etc yet drawing an mp's salary despite not even appearing to do anything,

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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