P.F. Eye
An Idiot's Guide to the Private Finance Initiative
A Special Report 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.

To read more download the full report below.

P.F. Eye
Download P.F. Eye Special Report [pdf]

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Special Report - ...There's Brass Plates
Shady Arabia and the Desert Fix
Shady Arabia and the Desert Fix
Special Report - UK Government Bribery
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Special Report - Britain's Shadow Tax System Revealed
Trial And Error
Trial And Error
Special Report - The Phone-Hacking Scandal



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Israel to Host Eurovision and WW3… It’s Time to Leave Song Contest as Unelected Euro-Judges Rob Britain Again… ‘Best Night Ever’ Says Everyone – Local Election Special… All Unworkable Options ‘Still on Table’ – Brexit Latest… Read The Joy of No Sex Bestseller – Hours of No Fun At All!... Shock Revelation as George Osborne Discovers He is Editor of the Evening Standard… Gwyneth Paltrow: The Sex Issue, as told to Craig Brown

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- Cliff Richard: Mystery of the BBC’s original source
- Mischcon creep: Why the board of English PEN is under attack
- Screen tested: MD on the dilemmas of breast screening

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Private Eye Issue 1469