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AMA CLAIM PRIVATE FINANCE INITIATIVE HAS NOT WORKED

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The Association of Metropolitan Authorities has said that the government's 1992 initiative to get private finance t...
The Association of Metropolitan Authorities has said that the government's 1992 initiative to get private finance to meet needs traditionally paid for by the private sector has done nothing for local government.

A report to be raised at the AMA's next meeting on 28 July states that government controls on local authorities such as rules governing the use of capital receipts, leasing regulations, limits on local authority companies and capital expenditure controls have all stopped private investment.

The AMA believe that following hints from Sir George Young at last month's CIPFA conference, the rules might be relaxed some time in the autumn.
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