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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.



P.F. Eye



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Private Eye Issue 1533
In This Issue
That Trump religious rally in Florida in full... Glitch hits honours list celebrating Covid heroes… Vallance and Whitty ‘join horsemen’… Lines on the Continuing Crisis in the Devolved Government of Scotland … The Halloween no-mask… At least things are bad in France too… Allison Pearson’s Diary, as told to Craig Brown

Birthday Honours
Fat cats join the coronavirus heroes

A violinist writes
Musicians struggle to make a living

The penny drops
What the papers expected of the PM

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Private Eye Issue 1532
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