Special Reports
P.F. Eye
P.F. Eye

An Idiot's Guide to the PFI

By Paul Foot

Norman Lamont tinkered with it. John Major approved it. But the intellectual thrust for the idea of the Private Finance Initiative (PFI) came from David Willetts, the Tory frontbencher nicknamed 'Two Brains'.

This is the story of the PFI: how it became a jewel in the crown of New Labour, its savings, its costs, its pitfalls and windfalls, and how it changed the face of British accountancy and British politics.





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Private Eye Issue 1626
In This Issue
Thank God the nation’s beloved figurehead is back… Sir Edward Davey: An Apology… Green party accused of ‘rowing back’ on green policies… Seven-way debate ‘a total mess’… Mr Tickle admits, ‘Yes, I was a bit handsy but I’ve learned my lesson’… US ironyometer in meltdown… Warning over invasive bamboo story… Four WAGs to watch in the tournament everyone’s talking about… Nadine Dorries: My current concerns, as told to Craig Brown

Deathly prose
Richard Madeley’s murderous writing reviewed

Saving the NHS
MD on the main parties’ health pledges

Right move
Suella Braverman is looking beyond the election already

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