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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 1579
In This Issue
Stop This Crazed Boris Witch-Hunt… Last Chance to See: Mock the Weak… Tooth fairy taking no new patients… It’s Underdog vs Insurgent in the battle to be Prime Charlatan… Conspiracy Update – Bernard Cribbins Special… NHS still on waiting list for knee op… Carol Midgley’s Diary, as told to Craig Brown

Rock of Aged
The latest from the Heritage Rock industry

Barclay Hunt
Slicker on the billionaire family feuds

Profits of Doom
Those who made money out of crisis

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Private Eye Issue 1578
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