Thursday, 26 July 2012

Plan Balls is with us already

Thanks to this week's Private Eye for highlighting a key paragraph in George Osborne's announcement about economic investment.

Also from today, a new temporary lending programme as part of UK Guarantees will be available to ensure that around 30 public private partnership infrastructure projects worth an estimated £6 billion in the next 12 months can go ahead. 

So PFI, under its New Labour re-branding as PPP, returns with all the implications that has for the burden on the next generation. Moreover, PPP providers will be able to borrow at favourable rates from UK plc rather than have to rely on the markets.

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