Monday, 21 May 2012

PFI- the real cost







Having read articles on benefit fraudsters such as Sandra Edwards who defrauded taxpayers of £11,000 is all very well, but there are bigger fish who have cost the exchequer multiples of £11,000.

The national media over months has highlighted the huge waste of public money in a number of projects by the Labour Government. In ascending order we had the £500 million wasted on the reorganisation of the national call centres in the fire service. But this is peanuts compared to the £12 billion lost on the national computer scheme for the NHS, the folly of which has been known about for nearly a decade. But top of the heap of malfeasance and waste is the Private Finance Initiative started under the Tories but fully exploited by Gordon Brown as Chancellor of the Exchequer. The cost of new NHS private- financed schemes will stay with future generations of taxpayers up to 2049. Hospitals that would have cost £11 billion under the old Treasury arrangements of financing public projects such as hospitals will now cost £75 billion. An absolute disgrace which dwarfs the £11,000 stolen by Edwards. If Edwards deserves jail what fate should be in store for the politicians and civil servants that sanctioned this grand larceny?

Of course there are other projects funded through PFI including City schools. I hear horror stories of local schools been charged astronomic amounts for even minor repairs or maintenance. The whole PFI sorry saga requires more scrutiny then it has so far generated.