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P.F. Eye
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 1622
In This Issue
Post Office bosses 'had no idea they worked at the Post Office'… Springwatch: Rwanda edition… Calls for Nurseryland smacking ban… United States finally agrees to enter world war… House price warning over WW3… Lines written on the recent developments in Police Scotland's Operation Branchform… World's first underwater ironyometer explosion… Death found not guilty of OJ Simpson death… Liz Truss's diary, as told to Craig Brown

Toxic shock
MD on the Cass Review

Tory darling
The police chief behind the Angela Rayner investigation

Broken records
Why the Post Office seems to have learnt nothing

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Private Eye Issue 1621
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