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16 Dec 21
Up to 80% of private finance initiatives contracts set to expire by 2028 are not covered by a solid plan for the return to the public sector, according to government’s infrastructure body.
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5 Nov 21
Councils with PFI contracts need to consider a number of implications resulting from the transition to a new benchmark interest rate, says David Moore.
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11 Jun 21
Government at a local and national level needs to get to grips with the expiry of PFI contracts, says Public Accounts Committee chair Meg Hillier.
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8 Jun 21
As private finance initiative contracts start to expire, public bodies must ensure they inherit assets in good condition.
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11 May 21
A government review of a hospital private finance initiative could lead to a termination of contract, according to rating’s agency Moody’s.
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19 Mar 21
The government needs to improve its support to local authorities to ensure that private finance initiative infrastructure returns to the public sector in a useable condition.
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10 Feb 21
Local authorities lack the expertise to manage the wind-down of private finance initiative deals as contracts begin to come to an end, a civil servant warned this week.
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28 Jul 20
Ratings agency Standard and Poor’s has downgraded the credit rating of an NHS hospital Private Finance Initiative company after identifying “strained relationships” with its commissioning trust.
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31 Oct 18
Abolishing future private finance initiatives was more about grabbing headlines than actual change, a public services commentator has told PF.
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20 Jun 18
The government must be honest with the public about the true value for money of private finance initiatives, a group of MPs has urged today.
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21 Feb 18
Unison has called for private finance initiative companies to pay a ‘windfall’ tax to help pay for the UK’s public services.
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13 Feb 18
MPs have accused the ‘Big Four’ accountancy firms of “feasting” on the carcass of Carillion as they revealed the firms billed for almost £72m worth of work related to the collapsed company since 2008.
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22 Jan 18
The Smith Institute has called on the government to end what it called a “‘love in’ with outsourcing and PFI”, after the fiasco of the Carillion collapse.
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18 Jan 18
The revamped version of the private finance initiative – dubbed PF2 – has been little used and has few major differences from its predecessor, the National Audit Office has found.
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17 Jan 18
Councils around the country are scrambling to identify the full extent of their exposure to Carillion after Monday’s collapse of the construction and facilities management firm.
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15 Jan 18
Carillion’s collapse shows public sector outsourcing is risky and limited. It’s time for a rethink and greater scrutiny and transparency, argue John Tizard and David Walker.
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20 Nov 17
The government is using private sector financing for infrastructure even when deals offer poor value for money, a think-tank has stated.
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23 Oct 17
The private finance initiative is deeply unpopular, blamed for delays and exorbitant costs. However, as Anthony Barej finds out, it could still have a future.
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26 Sep 17
Labour’s break with PFI is exciting and timely but unpicking deals is likely to be difficult and potentially expensive, argues John Tizard
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25 Sep 17
Labour’s shadow chancellor has vowed to end the public finance initiative policy, in his speech at the annual party conference in Brighton today.
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10 Feb 17
A wall collapse last year at an Edinburgh primary school built under the controversial Private Finance Initiative funding system was not the fault of PFI, an independent report has concluded.
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4 Aug 16
Many PFI contracts are trapped in their current terms out of fear of the costs of change and a desire not to show weakness to the other side. But this is not sustainable in the face of increasing...
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11 Apr 16
An estimated 9,000 pupils in Edinburgh are without lessons in the run-up to exams season after 17 schools, all built within the last 15 years under a controversial public private partnership funding...
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27 Mar 15
Scotland’s public bodies should be proactive in seeking to review and renegotiate Public Finance Initiative deals that no longer meet changed market conditions or public needs, top PFI...
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25 Mar 15
The Private Finance Initiative has come in for some harsh criticism over the years, decried as inflexible and expensive. But with the right approach, PFI can deliver significant savings and improved...
16 Dec 21Up to 80% of private finance initiatives contracts set to expire by 2028 are not covered by a solid plan for the return to the public sector, according to government’s infrastructure body.
5 Nov 21Councils with PFI contracts need to consider a number of implications resulting from the transition to a new benchmark interest rate, says David Moore.
11 Jun 21Government at a local and national level needs to get to grips with the expiry of PFI contracts, says Public Accounts Committee chair Meg Hillier.
8 Jun 21As private finance initiative contracts start to expire, public bodies must ensure they inherit assets in good condition.
11 May 21A government review of a hospital private finance initiative could lead to a termination of contract, according to rating’s agency Moody’s.
28 Jul 20Ratings agency Standard and Poor’s has downgraded the credit rating of an NHS hospital Private Finance Initiative company after identifying “strained relationships” with its commissioning trust.
31 Oct 18Abolishing future private finance initiatives was more about grabbing headlines than actual change, a public services commentator has told PF.
20 Jun 18The government must be honest with the public about the true value for money of private finance initiatives, a group of MPs has urged today.
21 Feb 18Unison has called for private finance initiative companies to pay a ‘windfall’ tax to help pay for the UK’s public services.
13 Feb 18MPs have accused the ‘Big Four’ accountancy firms of “feasting” on the carcass of Carillion as they revealed the firms billed for almost £72m worth of work related to the collapsed company since 2008.
22 Jan 18The Smith Institute has called on the government to end what it called a “‘love in’ with outsourcing and PFI”, after the fiasco of the Carillion collapse.
18 Jan 18The revamped version of the private finance initiative – dubbed PF2 – has been little used and has few major differences from its predecessor, the National Audit Office has found.
17 Jan 18Councils around the country are scrambling to identify the full extent of their exposure to Carillion after Monday’s collapse of the construction and facilities management firm.
15 Jan 18Carillion’s collapse shows public sector outsourcing is risky and limited. It’s time for a rethink and greater scrutiny and transparency, argue John Tizard and David Walker.
20 Nov 17The government is using private sector financing for infrastructure even when deals offer poor value for money, a think-tank has stated.
23 Oct 17The private finance initiative is deeply unpopular, blamed for delays and exorbitant costs. However, as Anthony Barej finds out, it could still have a future.
26 Sep 17Labour’s break with PFI is exciting and timely but unpicking deals is likely to be difficult and potentially expensive, argues John Tizard
25 Sep 17Labour’s shadow chancellor has vowed to end the public finance initiative policy, in his speech at the annual party conference in Brighton today.
10 Feb 17A wall collapse last year at an Edinburgh primary school built under the controversial Private Finance Initiative funding system was not the fault of PFI, an independent report has concluded.
4 Aug 16Many PFI contracts are trapped in their current terms out of fear of the costs of change and a desire not to show weakness to the other side. But this is not sustainable in the face of increasing...
