Some of us have been warning for years that Public Finance Initiative was little more than a tawdry confidence trick perpetrated on the taxpayer. We have now seen the South London Healthcare NHS Trust go into administration, quite clearly as a result of entering into 2 PFI deals which are costing it £61m p.a. in interest.
It is really time that an offence of recklessly wasting public funds was introduced, allowing politicians, civil servants and administrators in the public sector to face fines, imprisonment and exclusion from office.
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