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PFI BODY ACCUSED OF CONFLICT OF INTERESTS

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Groups involved in private finance initiatives, including public service providers, warned the treasury that Partne...
Groups involved in private finance initiatives, including public service providers, warned the treasury that Partnerships UK, the privately-owned body that will manage and fund PFI projects, faced a conflict of interests, reports the Financial Times (p10).

The treasury's PFI taskforce was told Partnerships UK, in which the government proposes to take a minority holding, would be acting on behalf of the public sector as well as seeking to make money from investing in PFI projects.

Norman Rose, director-general of the Business Services Association, said: 'We are worried about the conflict of interests if Partnerships UK is both a public sector adviser and equity investor.

'There will be a marked lack of confidence in the private sector regarding the impartiality of advice if Partnerships UK is allowed to invest in projects.'
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