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
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
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'.