Outlook: Private finance
Friday 13 November 1998
This was perhaps inevitable. Last week the Chancellor announced an pounds 11bn target for PFI projects over the next three years. If the Government is to meet its public spending plans, the PFI is going to have to start delivering.
Unfortunately, as the Exchequer piles on the pressure for more PFI projects on the one hand, it is undermining their likelihood with the other by giving trade unions the right to vet these things for impact on public sector jobs. Sir Malcolm is going to find this review even more difficult than his last.
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