Scotland – Radical Changes to Local Government Funding Called For

“PFI contracts should be taken over by the Treasury as part of radical changes to local government funding,” according to a new report from Unison Scotland and the Jimmy Reid Foundation calling for a ‘fundamental review’ of local government funding to examine new and alternative sources of revenue, states Scottish Construction Now. It says that PFI/PPP contracts taken over by the Treasury could save local government many billions in interest charges each year and so release tax revenues for investment in local economies and communities. Read the report recommendations here.