Wednesday, 2 May 2012

PFI Firms told to hand back profits

The influential Commons Public Accounts Committee is calling for Companies making excessive profits from Private Finance Initiative (PFI) deals to hand back a share to councils, health authorities and other public bodies. The Telegraph reports that under PFI, taxpayers are committed to pay £229 billion for new hospitals, schools and other projects with a capital value of just £56 billion: http://www.telegraph.co.uk/news/politics/9239282/PFI-firms-should-be-forced-to-share-excessive-profits-with-councils-and-health-trusts.html