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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 1625
In This Issue
That all-purpose letter of resignation from a sinking ship… Blond liar who should be in jail defends blond liar who's heading for jail… Israel rejects Israel peace plan… TV highlights: Ms Vennells versus the Post Office… The Conversion of Saint Paula… Public desperate for election already sick of the election… A list of things you should boycott because they involve fossil fuels… Cleo Watson: general erection!, as told to Craig Brown.

Taking a flyer
Yes, it's another onslaught of campaign leaflets…

Mind the gap
How the Sun offered Rupert Murdoch helpful tips

Tears of a clown
Paula Vennells' Post Office inquiry appearance in depth

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