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10 Feb 21
Local authorities lack the expertise to manage private finance initiative as many of the controversial contracts begin to wind-down, a civil servant warned this week.
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5 Oct 20
Public sector organisations should look into how they plan to exit private finance initiatives or they could face disruption to services, says Ian Tasker.
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30 Jul 20
Tramlink, a Private Finance Initiative which runs Nottingham City Council’s tram network is losing £404,000 a week as a result of Covid-19, the authority has revealed.
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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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16 Sep 19
Government outsourcing contract failures have wasted millions of pounds - but a blanket approach to switch to in house provision would be costly, a think-tank has warned.
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13 Sep 19
NHS trusts have an outstanding £55bn to pay over the next 30 years after locking in to “toxic” PFI contracts, analysis of government data has shown.
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19 Mar 19
Sharon Renouf and Virginia Cooper, partners at law firm Bevan Brittan, give some advice to local authorities with Interserve contracts on what to do now.
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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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24 Sep 18
Labour will “reprogramme” the Treasury to transform public sector investment, the shadow chancellor has said.
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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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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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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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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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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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5 Jan 16
Enthusiasm for the outsourcing of public services is growing, despite the absence of reliable evidence about the implications for costs and quality