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.





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Private Eye Issue 1628
In This Issue
Election Night TV: What you missed… Liz Truss writes exclusively on why the Tories lost the election… Rats in sack disagree over best way forward… Why can't Labour just admit it lost the election, by Owen Jones… Those amusing notes left on the desk by outgoing Conservative ministers to welcome their Labour replacements, in full… Conspiracy update: Trump assassination attempt special… Gnomemart sale: Armchair conspiracy theorist armchair … Great speeches of our time No 94: Ex-president Trump on Nato… Giles Brandreth: my 9 secrets of happiness, as told to Craig Brown.

Letby lessons
MD reviews the evidence on medical experts and fair trials

Holy Ghosting
Seven years and counting for CofE review on sadist Smyth

Starmersexuality!
Fleet Street's finest get hot under the collar

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Private Eye Issue 1627
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