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TREASURY IN CHARM OFFENSIVE OVER PFI

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Chncellor Gordon Brown is preparing to launch a PR campaign on the controversial public finance initiative to stave...
Chncellor Gordon Brown is preparing to launch a PR campaign on the controversial public finance initiative to stave off criticism that it represents poor value for money for the taxpayer, reported The Independent on Sunday (Business, p1).

The treasury is understood to have commissioned consultants Mott MacDonald to cost PFI schemes against traditional public procurement.

The report is not expected to be made public for at least a month but Whitehall sources say it will show that when all costs are accounted for, PFI schemes work out cheaper. The report will cost the extra tax benefits the treasury receives by ceding control of public services to private companies.
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