MPs demand clarity from government on whether PFI wastes public's cash

By Jordan Marshall2018-06-21T06:00:00

Public Accounts Committee tells Treasury ‘to level’ with taxpayers on initiative

The Public Accounts Committee has called on government to tell taxpayers about the Private Finance Initiative’s value for money.

The committee’s report on PFIs, which was published yesterday, said the Treasury had no plans to assess the value for money of the model which was first introduced back in the 1990s.

The committee said PFI’s initial benefit was that expenditure had been kept off the government’s books but the ongoing costs to the institutions at the front line have been high and the contracts inflexible.

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