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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 1630
In This Issue
Ironyometer victim of UK riots… Team GBH triumphs!… Opening ceremony of British Riot Olympics 'watched by millions'… Dee Nial: Ex-Conservative MP writes for the Eye… Obesity epidemic 'linked to sport'… Future of navel gazing in doubt… New head of Hydra appointed… Hopes rise for widening Middle East conflict… Strictly announces new American dance: The Tim Walz… Adele: My historic speeches, as told to Craig Brown

Screen wipe
The BBC's desperate post-Huw Edwards purge

Carbon rod
Ed Miliband faces a dilemma over tree-burner Drax

War footling
Elon Musk's latest display of wilful ignorance

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Private Eye Issue 1629
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