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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 1624
In This Issue
Shock as liar in liar case calls key witness 'a liar'… Rishi list proves that the economy has finally turned the corner… Gyles Brandreth admits, 'I am the Grim Reaper'… Noah tells God, 'Drop the rainbow nonsense'… Mortgages to become merely 'ruinous'… Me and my Spoon: Dominic Cummings… Why Starmer's government is already failing Britain… 'I was stalked by Baby Reindeer' – member of public tells all… The National Gallery at 200: my favourite painting, as told to Craig Brown

Currency affairs
Nigeria's crypto concerns

Burning issue
Old Sparky on the government's "irrational" net zero plan

Legal get-out
More dodging of responsibility at the Post Office

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Private Eye Issue 1623
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