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UNISON CALLS FOR UNION PFI ACTION

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Unison will next month urge other unions to join it in opposing the private finance initiative and campaigning for ...
Unison will next month urge other unions to join it in opposing the private finance initiative and campaigning for the abolition of the public sector borrowing requirement.

At the Trades Union Congress annual conference next month, the union will call for the PSBR to be replaced by a general government financial deficit. It says this is a more modern and neutral approach to gauging public debt and it allows greater scope for government borrowing.

It also says the PFI costs more in the long term than conventional funding, undermines services' accountability and 'in its current form poses a serious threat to the future of publicly run services'.

The union welcomes the release of up to£5 billion of capital receipts over the next five years, but says councils will have trouble funding services within the spending limits set.

It is calling for more revenue to be raised through taxes, saying it acknowledges political constraints, but 'the scope for greater tax revenues remains considerable'.
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