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First time I ever saw anyone outside of politics, who was promoting such a deal, claiming PPP as beneficial. In the UK they have been financially negative from
by NeedMoreTea 8y ago
First time I ever saw anyone outside of politics, who was promoting such a deal, claiming PPP as beneficial. In the UK they have been financially negative from the very first back under Major. The Blair government was particularly keen on them. From wikipedia:
An in-depth study, conducted by the National Audit Office of the United Kingdom [33] concluded that the private finance initiative model had proved to be more expensive and less efficient in providing hospitals, schools and other public infrastructure than public financing.
EDIT: A different UK report, extensively damning, this time a 2018 Select Comittee: https://www.parliament.uk/business/committees/committees-a-z/commons-select/public-accounts-committee/news-parliament-2017/private-finance-initiatives-report-published-17-19/ https://www.parliament.uk/business/committees/committees-a-z...