PFI (Private Finance Initiative) was a scheme to use private investors’ money to build and run new hospital facilities. It was a disaster and still costs the NHS, according to the Times, around £2 billion a year in repayments, with some hospitals reporting that they’ve had to cut services in order to meet the repayments.
Private cash for buildings and other infrastructure – no doubt it will be named something different, but to all intents and purposes this plan is PFI 2.0.
This is being presented as something that is “likely to cause palpitations in Whitehall”, as if the government has been blindsided by the plan – but the Times admits that
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