Sign up: 
Sign up:
Sign up:
Howard Chapman, Buildingtalk Editor, asks if the next big scandal will be about the dodgy PFI deals that are bankrupting public services.
While the NHS struggles with PFI debt, some children will not return to school today as 17 PFI-built schools in Scotland stay closed for safety checks. Will this force all past PFI deals onto the front page?
The Guardian reports today that the closure PFI-built facilities over safety concerns will mean thousands of pupils in Scotland cannot go back to school today after their Easter break. Councils are checking their school buildings as fears grow that all schools built under the same private finance initiative could pose a safety risk to children and staff – watch the latest BBC video on inspections are being carried out at all the Edinburgh PPI-built schools.
Some say that private financing of schools, hospitals, infrastructure and other core public services is not sustainable because many of the deals struck were such poor value. PFI was devised by the Tories in the 90’s and championed by Gordon Brown in the Labour years. They are a key factor in the ‘bankrupting’ of some NHS Trusts, the debt burden preventing more than 20 having any chance of balancing their books.
UK taxpayers now owe over £300 billion in PFI repayments across 700+ projects for the next 30 years. These crippling lease arrangements for PFI projects mean young people starting work now will pay taxes for PFI until they are nearly 70. Some private contractors who agreed PFI deals are set to make billions of pounds in profit, with some due to see returns of up to 70%.
Some say only an act of parliament can force a reversal of some of the dodgy deals that are such poor value to the public sector and now seem like a licence for the private sector to print money. But can this really happen?
Should there be a real investigation to find out what went wrong and who made a killing? Where do you stand on the PFI value for money scandal?
You must be logged in to post a comment.
Embedding sustainability within any organisation requires a broad, strategic perspective. Scrutiny should include the physical infrastructure itself: According to the IEA, buildings consume around 30% of global energy*. ASSA ABLOY has more…
Posted in Access Control & Door Entry Systems, Architectural Ironmongery, Articles, Building Industry News, Building Products & Structures, Building Regulations & Accreditations, Building Services, Case Studies, Doors, Facility Management & Building Services, Information Technology, Research & Materials Testing, Retrofit & Renovation, Security and Fire Protection, Sustainability & Energy Efficiency, Video of the Week
Despite one of the wettest starts to the year on record, customers are starting to plan for brighter days with HydroPro Garden Paint from HMG Paints.
Posted in Articles, Building Industry News, Building Products & Structures, Garden, Innovations & New Products, Paints, Paints, Coatings & Finishes, Restoration & Refurbishment, Retrofit & Renovation, Site Preparation, Sustainability & Energy Efficiency, Waste Management & Recycling
Abloy UK is set to unveil its latest line-up of access control systems at The Security Event 2024, welcoming guests to explore its cutting-edge electromechanical and digital solutions on stand 5/F50.
Posted in Access Control & Door Entry Systems, Architectural Ironmongery, Articles, Building Industry Events, Building Industry News, Building Products & Structures, Building Services, Doors, Exhibitions and Conferences, Facility Management & Building Services, Health & Safety, Information Technology, Retrofit & Renovation, Security and Fire Protection
In times of emergency, you’re in safe hands with Strand Hardware. Although there are many considerations for building specification, few decisions can be as critical as selecting the right emergency exit/panic hardware.
Posted in Access Control & Door Entry Systems, Architectural Ironmongery, Articles, Building Industry News, Building Products & Structures, Building Services, Doors, Facility Management & Building Services, Health & Safety, Restoration & Refurbishment, Retrofit & Renovation, Security and Fire Protection
These PFI arrangements were an opportunity for a small section of society to milk the NHS and the local Authority public purse. The deals were at best ‘Dodgy’ and at worst Criminal.
Those who profited from them and those who arranged them should be brought to book and their profits and assets confiscated in recompense.
There needs to be a reversal of the contracts as they are obviously dishonest and immoral.
UPDATE: Edinburgh council has confirmed that building defects and flaws have been uncovered in all 17 schools closed for safety reasons, as fears grow that some may not reopen until the autumn.
Andrews Burns, the city’s council leader, said some of the buildings could be closed in the longer term but said money spent on rehousing the 7,600 children affected was already being “clawed back” from the private finance firm that built the schools.
Read more via The Guardian http://www.theguardian.com/uk-news/2016/apr/14/building-flaws-found-in-all-17-closed-edinburgh-schools