Commenting on the announcement from Shadow Chancellor John McDonnell that a Labour government would bring existing public finance initiative (PFI) contracts back in-house, UNISON general secretary Dave Prentis said:
“It’s good news that Labour plans to tackle the beleaguered private finance initiative.
“Since PFI started, UNISON warned it would lead to long-term debt problems, a burden the country couldn’t afford to carry.
“It’s like buying a house on a credit card. Sky-high interest payments mean far less money for patients and children’s education.”