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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 1635
In This Issue
Macbeth defends wife over hurtful comparison… JK Rowling in peerage controversy… Wealthy people unhappy about any proposals in budget which will make them less wealthy… Lines on the passing of Alex Salmond, former First Minister of Scotland… Update: another head of Hydra cut off… Doctor Foster to deal with obesity crisis… Conspiracy update: Russell Brand amulet special… Exclusive to all tabloids: we say 'Willkommen' to England's new German manager… Melania Trump's Diary, as told to Craig Brown

Sun protection
How the Spencer-Churchills became fans of solar energy

Moonlighting
The MPs raking in cash from second jobs

Harris hawks
Nervous times in the Democratic party campaign

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Private Eye Issue 1634
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