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P.F. Eye

An Idiot's Guide to the PFI

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.





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Private Eye Issue 1623
In This Issue
Comedy candidate fails to win… Shock as Boris Johnson breaks rule he set… Plan to make all retail goods cost more 'could stop shop thefts'… Delight as sale of Nursery Telegraph halted… Ryanair to fly to Rwanda – Michael O'Leary explains… Lines on the resignation of Humza Yousaf as First Minister of Scotland… God 'doesn't believe in Russell Brand'… Thames complains about Brand baptism… Richard Branson's culture fix, as told to Craig Brown.

Straight jabs
MD on Covid vaccine risks and compensation

Port whine
Freeports slammed by a Commons committee

Hastings battle
Southern Water's latest catastrophe

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Private Eye Issue 1622
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