How did PFI start?

The PFI in the health sector was initiated in 1992 by the Conservative government and opposed vigorously by the Labour Party. When the Labour Party came to power in 1997, PFI investment was small. However, following the election of the Labour government in 1997, PFI projects have been promoted vigorously and have expanded enormously. In a 2008, in a Public Accounts Committee report, it was reported that payments on all PFI projects in the UK over the next 30 years will total £181 bn (PAC September 2008, page Ev11). In the health sector, whereas in 1997 PFI investment in the NHS was non-existent, since 1998/99 it has accounted for almost a third of capital spending.