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.





ONLY IN THE MAGAZINE
Private Eye Issue 1561
In This Issue
COP 26 delegates finally agree to achieve net zero disagreements on agreements by 2030… Biden and Xi strike historic deal to end global warming by instigating nuclear winter… 'Why I feel sorry for Rachel Johnson', by Ghislaine Maxwell… Jennifer Arcuri breaks her silence for the 19,735th time… Prince Andrew vows not to leave 'I'm a Celebrity' Windsor Castle until last possible moment… Rumours rife public isn't being told full truth about what's wrong with BBC royal correspondent Nicholas Witchell… Tate: The authorised interpretations, as told to Craig Brown

Profits of Doom
A Covid goldmine for private hospitals

Amersi mission
Top Tory funder goes to court

Mail sackwatch
So. Farewell then Geordie Greig…

Read these stories and much more - only in the magazine. Subscribe here to get delivery direct to your home and never miss an issue!
ONLY £2.50
SUBSCRIBE HERE
NEXT ISSUE ON SALE
8th December 2021
WHY SUBSCRIBE?
Private Eye Issue 1560
MORE FROM PRIVATE EYE