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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 1577
In This Issue
Assassinated Borius Caesar to continue as caretaker dictator despite being dead… Shock as not-very-good Tory MP decides NOT to stand in leadership race… Government's irony-ometer explodes as PM is sunk by sex scandal that didn't involve himself… ‘What the f*** have you done you stupid c***s,' asks Daily Mail as traitors oust PM and nation asks: ‘Will Paul Dacre still get his peerage?'… Brits triumph at Wimbledon as Kate Middleton gives out prizes, retiring Sue Barker gets standing ovation and Prince George doesn't have a tantrum… Royal Mail launches limited-edition stamps to commemorate summer's strikes… Nurseryland spin doctors rehabilitate hated Camilla de Vil as national treasure Duchess of Corgi… BBC2, My Life as a Rolling Stone, as told to Craig Brown

Covid catch-up
The pandemic's long haul

Slapp-ed down
Judge lets rip at Tory donor's lawyers

Hackwatch Whodunnit?
Everyone's to blame – except Boris!

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Private Eye Issue 1576
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