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The Latest Breaking News from PFI

Reeves examines using private sector funds to speed building of new towns

Chancellor in talks with banks and investment funds about public-private partnerships to build infrastructure

The Guardian - UK

Kerala: Court extends judicial custody of alleged PFI activists by 90 days

NIA Special Court Judge P K Mohandas on Friday permitted the agency's plea seeking an extension of custody of Moideenkutty of Valanchery in Malappuram and Muhammad Yazer Arafath of Neerikode in Ernakulam.

The Economic Times

Private finance plans for NHS buildings

Letters: Johnbosco Nwogbo says adding a new private finance debt burden is a bad idea, while Lord Hutton thinks PFIs have been good for the NHS and patients

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Fears of new PFI-style ‘disaster’ as firms handed £6m to advise on using private funds for NHS clinics

Exclusive: Consultants and lawyers hired to advise on using public-private partnerships to build ‘neighbourhood health centres’ in England

The Guardian - UK

‘Past mistakes must be avoided’: anxiety as Labour eyes public-private funding for NHS

Decision on neighbourhood health centres expected in autumn but approach divides policy experts

The Guardian - UK

‘It’s very personal to me’: Darren Jones on his £500m plan to fight child poverty

Treasury chief secretary says he wants to emulate New Labour support for community groups that changed his life

The Guardian - UK

Government inheriting poor value assets due to bad handling of PFI contracts, watchdog says

Public accounts committee warns UK infrastructure risked becoming ‘stony ground’ for investors without major overhaul

The Guardian - UK

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Financial Advice and Retirement Confidence: What's Wealth Got to Do With It?

This retirement researcher notes that retirement confidence increases the most for those with access to advice who have a lower total level of savings.

Kiplinger

Profits from NHS England eye care outsourcing same as 100 PFI contracts, research finds

CHPI thinktank found five firms made an ‘eye-watering’ £169m in 2023-24, as calls for profit cap grow

The Guardian - UK

Scottish councils hit with over £500 million bill for PFI deals this year

SCOTTISH councils will have to pay over half a billion pounds this year due to controversial decades-old infrastructure deals ...

The National (Scotland)

Delhi HC issues notice to NIA in an appeal of PFI leader in a terror case

The Delhi High Court on Friday issued a notice to the National Investigation Agency (NIA) in an appeal moved by one Afsar Pasha, accused in a terror case.

Dynamite News

Prison firm pays £3m to shareholders amid safety fears and rising deaths

The company which owns Scotland’s private Addiewell prison has paid more than £3 million to shareholders in less than two years despite serious…

The National (Scotland)

SC refuses bail to ex-PFI Chairman Abubacker in UAPA case

The Supreme Court on Friday denied bail to E Abubacker, former chairman of the banned outfit Popular Front of India Read further on Dynamite News:

Dynamite News

‘Serious disruption’ possible in hospitals with expiring PFI contracts, report says

Government yet to reveal plans for 154 private finance initiatives due to expire during current parliament

The Guardian - UK

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The National (Scotland)

Labour plans set to make 'healthy' profits for private firms, says top journalist

AN investigative journalist who helped lift the lid on Labour’s private finance addiction has warned how the party’s new public spending…

The National (Scotland)

Here's what £29bn in New Labour's PFI debt bought the Scottish taxpayer

THE National can reveal that Scots have had £29 billion of debt foisted on us by PFIs – and that we will be paying the bills until 2043 ...

The National (Scotland)

The billionaire private donors that could push Labour towards damaging PFIs

LABOUR have made no secret of their intention to have private financial institutions help pay for infrastructure spending ...

The National (Scotland)

How Labour's PFI caused chaos in Scotland's schools – and will be felt for many years

LABOUR’S use of Private Finance Initiatives (PFI) to fund the building of new schools has come at a huge cost for taxpayers in Scotland ...

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The National (Scotland)

The Usual Suspects: Meet Labour's best pals in the great PFI wheeze

THROUGHOUT the PFI saga the same faces and names kept coming up.

The National (Scotland)

Inside the Labour Party's obsession with controversial PFIs

The Private Finance Initiative (PFI) was not always a controversial brand ...

The National (Scotland)

The National launches PFI series: Will Labour revive controversial funding method?

THE newly elected Labour government has come to power pledging to deliver on infrastructure, but poured cold water on the idea of major government…

The National (Scotland)

Why are we talking about PFI now?

The public finance initiative was brought in under John Major’s government between 1992 and 1997 but was considerably expanded after that point…

The National (Scotland)

What is PFI and how does it work?

PFI stands for the public finance initiative, which is a way of financing big public-sector projects through the private sector.

The Guardian - AU

The era of privatisation is nearly over. But cleaning up the mess left behind will take years

From the 1980s until recently, politicians saw privatisation as a way to get a big bucket of money to spend on popular projects

Evening Standard

Blackwall and Silvertown tunnel tolls revealed: Motorists to be hit with £4 charge at peak times

Car drivers will pay £8 for peak hours return trip but £1.50 for off-peak journeys

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