UNISON has produced a new report that warns about the high cost of PFI. The report shows that PFI is not value for money but the Coalition and the Scottish Government are both continuing the “chronic waste of public money”, despite strongly criticising it in opposition.
The report warns that the cost of PFI has risen astronomically following the financial crisis and the gap between the rate at which the government and the private sector can borrow has widened dramatically.
You can download the report “The role of private finance in public investment – A briefing by UNISON” from the UNISON website: http://www.unison.org.uk/file/B5485.pdf
You can also find press coverage of the report as follows
UNISON press release: http://www.unison.org.uk/asppresspack/pressrelease_view.asp?id=2294
Press coverage in Financial Times: http://www.ft.com/cms/s/0/1d8d0c36-7f25-11e0-b239-00144feabdc0.html#axzz1MV87bw6N
UNISONScotland blog http://unison-scotland.blogspot.com/2011/05/pfi-schemes-waste-of-money.html
And today's earlier report on UNISONActive http://unisonactive.blogspot.com/2011/05/unison-highlights-continuing-pfi-waste.html
