Austin Allegro Posted April 14, 2015 Share Posted April 14, 2015 PFI has always seemed to me to be a gigantic 'fur coat and no knickers' policy. It gives people the cozy feeling that we live in a wealthy country where we can afford to build 'schoolz 'n' hozpiddals' whereas in reality we're just slightly better at fiddling the books than more obviously poor countries like those in eastern Europe. Quote Link to comment Share on other sites More sharing options...
winkie Posted April 15, 2015 Share Posted April 15, 2015 https://www.youtube.com/watch?v=kN4MAigTY44 Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted April 21, 2015 Share Posted April 21, 2015 http://rt.com/shows/keiser-report/250677-episode-max-keiser/ Max & stacey on PFi Uk "In this Keiser Report, Max Keiser and Stacy Herbert discuss the public swindle that is the Private Finance Initiatives, which put the UK £222 billion deeper in debt. In the second half, Max continues his interview with Sandeep Jaitly about negative yielding bonds. They also discuss GOFO and gold. " Quote Link to comment Share on other sites More sharing options...
olliegog Posted April 21, 2015 Share Posted April 21, 2015 It absolutely can. We are stick in high paying PFI contracts when we can borrow for next to nothing. The growth of PFI is down to Gordon Brown, although they came into existence under John Major. The deals were used to conceal government borrowing, to show that Labour had not increased government borrowing and were prudent. and there is so much hope pinned on 'labour' getting back in - aided and abetted by SNP and others. what short memories people have about what they (labour) did to pay for their largesse Quote Link to comment Share on other sites More sharing options...
billybong Posted April 21, 2015 Share Posted April 21, 2015 http://rt.com/shows/keiser-report/250677-episode-max-keiser/ Max & stacey on PFi Uk "In this Keiser Report, Max Keiser and Stacy Herbert discuss the public swindle that is the Private Finance Initiatives, which put the UK £222 billion deeper in debt. In the second half, Max continues his interview with Sandeep Jaitly about negative yielding bonds. They also discuss GOFO and gold. " Some very relevant and interesting points during that discussion about the PFI swindle and pointing out, for example, how the UK government works for foreign interests at the expense of the UK people and that Osborne can't make a decision on spending money without consulting with bankers. Quote Link to comment Share on other sites More sharing options...
Billy soy Posted April 21, 2015 Share Posted April 21, 2015 I'd just pass a 'PFI Seizure Act' and unilaterally cancel the contracts. If our government was a private company that had signed these contracts it would have gone bust. The contracts would ultimately be worthless. Allowing contractors to bleed off billions, knowing that the government will ultimately print any shortfall, is a moral hazard. I don't have a link right now, but I remeber reading that Barclays are a major player in UK PFI. They've got deep pockets, they can take a hit. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.