Special Reports
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.





ONLY IN THE MAGAZINE
Private Eye Issue 1621
In This Issue
Top Tory in ‘moneytrap' sting… Humza Plotter and the Half Baked Crime Bill… MP in second home shock… Nurseryland honeytrap sting warning… Benjamin Netanyahu's guide to surgeons attempting to remove his hernia… Britain ‘prepared to do nothing'… Are there enough senior royal reporters to go round?… A new short story by Clara Sill, Britain's top romantasy novelist… A Very Royal Scoop Scandal, the untold story… Vital issues of our day (1): the Garrick Club, as told to Craig Brown.

Russia Watch
The fallout from last month's Moscow terror attack

Where's Boris?
GB News is missing its star signing

Jackwatch
The latest flag tweak to attract tabloid fury

Read these stories and much more - only in the magazine. Subscribe here to get delivery direct to your home and never miss an issue!
ONLY £2.99
SUBSCRIBE HERE
NEXT ISSUE ON SALE
24th April 2024
WHY SUBSCRIBE?
Private Eye Issue 1620
ALSO AVAILABLE ONLINE