Thursday, March 4, 2010

Lib Dem PFI Piffle

Papers reported claims by the Liberal Democrats that, "The UK NHS is facing a £63 billion bill for private finance initiative (PFI) hospitals whose capital value is only £11 billion."

What none of the sensational headlines pointed out was that the larger numbers referred to the full-life costs of the projects – including maintenance and facilities management payments over decades.

“It’s not just comparing apples with oranges,” reports Partnerships Bulletin’s Diary, “it’s more like comparing apples with frogs.”

Quite true.

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