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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 1633
In This Issue
Nursery Times: Lord Alli Baba scandal... Putin threatens World War 3 unless he is allowed to carry on with World Special Military Operation 3... Sally Rooney Bingo... How to avoid Labour stealing all your money on Budget day... Lines on the demise of the Evening Standard... What unlikely job will Baroness Owen be given next? ... Israel denies it carried out major attack it clearly carried out... Mossad Mart product recall... Who should be the next Prince Andrew? asks James Bond

Sally forth
Rooneymania grips the Times

Western front
Somerset's job-juggling new MP

Free booze
Labour's lobbyist-funded conference parties

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Private Eye Issue 1632
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