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The Labour Party & PFI/PPP contracts


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Done my dissertation on the PFI rip-off circa 10 years ago at Uni. It still amazes me that general public are so unaware of just how much these projects have shafted us. 

A national scandal. 

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those shiny new school buildings that Blair's govt delivered in the midst of economic prosperity heralded an investment in the future, so the story went.

prob too complex for the public to follow, but no question it was classic short termism - a perpetual problem with governments chasing easy votes.

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9 hours ago, jockodile said:

those shiny new school buildings that Blair's govt delivered in the midst of economic prosperity heralded an investment in the future, so the story went.

prob too complex for the public to follow, but no question it was classic short termism - a perpetual problem with governments chasing easy votes.

It's pretty simple I always thought. Something that would cost x when paid out of public funds alone costs x * 5 thanks to bank and private company profit, but can be kept off the books short-term due to the way the public sector budget is calculated. 

Oh and the profit is privatised but the risk socialised - in theory the private company takes the risk but if they go bust the government will pick up the tab because they won't see schools and hospitals shut.

That's pretty much PFI, nothing more complicated than that.

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  • 2 years later...
6 hours ago, phart said:

fucking police Scotland again as well.

I almost posted the video above on your police thread for that reason.

I just had that nagging feeling i'd seen a PFI/PPP thread on here. The search function on here is honking. I had to do a site search on google to find it.

edit: the first video should be watched first obviously. It is rather shocking. The second video goes over the first but it draws attention to why is no one giving a shit about all of this.

Edited by thplinth
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13 hours ago, thplinth said:

I almost posted the video above on your police thread for that reason.

I just had that nagging feeling i'd seen a PFI/PPP thread on here. The search function on here is honking. I had to do a site search on google to find it.

edit: the first video should be watched first obviously. It is rather shocking. The second video goes over the first but it draws attention to why is no one giving a shit about all of this.

Sending them to a mate and will watch them this week sometime. I want to sit and actually watch them properly as opposed to background noise.

Leslie Evans is worth the watching, although not seen that relevant bit, it was obvious when i was trying to find out more about Salmond (i knew her from police watchdog thing)and she pops up like a Olly North type.

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