In principle, there is nothing wrong with the Government using its credit worthiness to borrow money in a different way from normal general borrowing and to ally the sums raised to a particular capital asset and  / or the means of getting that asset built. (A form of mortgage from the builder – who in turn has to acquire the loan etc). However, most of our Private Finance Initiative schemes in the NHS have gone further than this. 1. The economic case for many has been deliberately manipulated to show that traditional government procurement isn’t better value (I know this from first hand […]
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