PFI isn’t working for the taxpayer

Responding to the Public Accounts Committee report on PFI published today (Wednesday), UNISON general secretary Dave Prentis said: “The report confirms what UNISON has said all along – PFI simply isn’t working for the taxpayer. “It’s a damning indictment that after more than 25 years the Treasury still has no data on the benefits of PFI. “The […]

Time for a windfall tax on the PFI profiteers, says UNISON

The enormous profits being racked up by Private Finance Initiative (PFI) companies should be subject to a new windfall tax, so much-needed resources can be put back into the UK’s cash-strapped public services, says UNISON today (Monday). Such a tax could be introduced if two amendments to the Finance Bill, which have been tabled by […]

NAO report is a scathing indictment of PFI, says UNISON

The National Audit Office (NAO) report on the public finance initiative provides a scathing indictment of PFI and PF2, and confirms many of the fears UNISON has been raising for more than 20 years, the union said today (Thursday). The NAO says there are currently 700 PFI and PF2 deals in operation, and if no […]