UK National Audit Office has produced a report with information about the rationale, costs and benefits of the Private Finance Initiative (PFI), the use and impact of PFI, the ability to make savings from operational contracts, and the introduction of PF2. There are currently over 700 operational PFI and PF2 deals, with a capital value of around £60 billion. Annual charges for these deals amounted to £10.3 billion in 2016-17. Even if no new deals are entered into, future charges which continue until the 2040s amount to £199 billion – says the NAO website. The NAO advises the report was written before the Carillion collapse. And there’s more from the BBC.
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