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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 1637
In This Issue
Trump sets out plan for first 100 minutes in office… Pearsongate: Is this the biggest threat to freedom of speech the world has ever known?… Turkeys vote resoundingly for Christmas… Democrats ‘failed to understand concerns of ordinary billionaires'… BIDEN TO START WW3 BEFORE TRUMP DOES… The Dail-Xi Beijingograph: Nothing bad happens… The Service of Holy Resignation of An Archbishop… Jamie Oliver's recipe for disaster… Nigel Slater's magic moments, as told to Craig Brown

Right up front
Kemi Badenoch's self-promotion at the Post Office inquiry

Leagues apart
MD on the NHS's sack race

Rays of sunshine
The Florida supremacy in Trump's US

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Private Eye Issue 1636
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