Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

UNIONS CONTINUE TO SEEK PFI MORATORIUM

  • Comment
At the upcoming Labour party conference, unions will press for a moratorium ...
At the upcoming Labour party conference, unions will press for a moratorium

on further use of the private finance initiative until there has been an

investigation into its cost effectiveness, BBC Radio Four's Today programme

heard this morning.

Unison leader Dave Prentice told the programme that obtaining public service

through PFI was like 'a person paying for their mortgage through

Barclaycard'.

Unions believe PFI is far more expensive than the cost of building hospital

and schools directly, Mr Prentice said. 'There are high construction costs,

very very high running costs and there are huge returns for the private

companies involved, something like 20% to 30% profits annually over a 30

year contract'.

The problem is not with private companies building schools and hospitals but

with their subsequent running of services such as cleaning and catering.

'They make massive profits from running the services', he said. 'But we can

see nowhere where the services have been run more efficiently than in the

past and in fact many of the services deteriorate'.

UNION CONDEMNS GOVERNMENT USE OF PFI AS A WASTE OF TIME AND MONEY

  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.