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SarahBell

Pfi Making Mega Money

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Some geezer's think tank has revealed that PFI shares are traded for vast profits and that we're probably paying too much.

So can we universally undo the contracts? Or is nulabour's legacy set to slow burn us for years?

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http://www.bbc.co.uk/news/business-13712275

HM Treasury is failing to monitor "excessive" profits from the selling-on of PFI (private finance initiative) equity, the BBC has been told.

One industry analyst says its "inadequate" records do not reflect the billions of pounds made in the so-called secondary PFI market.

Critics, including some MPs, say the taxpayer should benefit from a share of these additional profits.

A Treasury spokeswoman said it had some information on most sales.

Criticism about the lack of information held by the government comes as two influential parliamentary committees prepare to take an in-depth look at PFI.

More taxpayer cash to feed the parasites. Move along nothing to see.

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Some geezer's think tank has revealed that PFI shares are traded for vast profits and that we're probably paying too much.

So can we universally undo the contracts? Or is nulabour's legacy set to slow burn us for years?

If you read Private Eye you'd have had a steady stream of such stories for years.

- We have needlessly expensive new facilities built (instead of refurbishing old ones) just to make the deal suitable for PFI

- PFI costing is endlessly and shamelessly fudged to make it look cheap, no matter how unrealistic the calculations.

- In reality, PFI is far more expensive than government borrowing.

- And, of course, lots and lots of consultants, advisors and chairpeople get their cut from these deals.

PFI was invented by the Tories. In opposition, Labour decried it as a shameless rip-off. Then once in power they used it repeatedly to finance new projects 'off balance sheet'. In opposition, the Tories described it as a shameless rip-off. Now in power, guess what they want to use...

It's a scheme tailor made for nest-padding, providing a steady stream of bonuses and commission combined with high returns for basically zero risk. It also means that many schools and hospitals are now shackled to a savage repayment stream which takes priority over such mundane things as teaching and doctoring.

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If you read Private Eye you'd have had a steady stream of such stories for years.

- We have needlessly expensive new facilities built (instead of refurbishing old ones) just to make the deal suitable for PFI

- PFI costing is endlessly and shamelessly fudged to make it look cheap, no matter how unrealistic the calculations.

- In reality, PFI is far more expensive than government borrowing.

- And, of course, lots and lots of consultants, advisors and chairpeople get their cut from these deals.

PFI was invented by the Tories. In opposition, Labour decried it as a shameless rip-off. Then once in power they used it repeatedly to finance new projects 'off balance sheet'. In opposition, the Tories described it as a shameless rip-off. Now in power, guess what they want to use...

It's a scheme tailor made for nest-padding, providing a steady stream of bonuses and commission combined with high returns for basically zero risk. It also means that many schools and hospitals are now shackled to a savage repayment stream which takes priority over such mundane things as teaching and doctoring.

Its just another ponzi liar loan scam

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If you read Private Eye you'd have had a steady stream of such stories for years.

- We have needlessly expensive new facilities built (instead of refurbishing old ones) just to make the deal suitable for PFI

- PFI costing is endlessly and shamelessly fudged to make it look cheap, no matter how unrealistic the calculations.

- In reality, PFI is far more expensive than government borrowing.

- And, of course, lots and lots of consultants, advisors and chairpeople get their cut from these deals.

PFI was invented by the Tories. In opposition, Labour decried it as a shameless rip-off. Then once in power they used it repeatedly to finance new projects 'off balance sheet'. In opposition, the Tories described it as a shameless rip-off. Now in power, guess what they want to use...

It's a scheme tailor made for nest-padding, providing a steady stream of bonuses and commission combined with high returns for basically zero risk. It also means that many schools and hospitals are now shackled to a savage repayment stream which takes priority over such mundane things as teaching and doctoring.

A good summary of the Eye contents over the last couple of decades.

A school near me was done on that basis, cost circa £100M to build for 1000 pupils or so. And that's not even delving into the maintenace contracts etc.

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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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