More Information
AP 2013 Pollock PFI Lewisham (201306XX)
Key points
Introduction
Background
PFI does not provide extra resources
Higher borrowing costs of private finance
Excessive rates of return, fraud and tax avoidance
The impact of high rates of return on taxpayers
Bias in favour of PFI - value for money tests
High PFI costs have been underfunded
The impact of high PFI costs on NHS care
The impact of PFI on staff
Hospital bankruptcy and closure
Treasury proposals to reform PFI
Appendix