Another Uncosted Labour Folly?

[ToraToraTora]

http://www.bbc.co.uk/news/uk-politics-41379849
So where are labour going to get the dosh to buy back the PFI deals?

[naomi24]

Other people's pockets are useful. Dig deep, TTT, dig deep.

[Jackdaw33]

If I knew what PFI stood for I might be better informed.

[douglas9401]

Profligate Folly Initiative, jackdaw.

Sometimes referred to as Private Finance Intiative.

[gollob]

Labours policies through all the years are great until somebody's else's money runs out

[cassa333]

They were bought in n at a time of funding shortages as a way for private firms to build infrastructure and get payed on the never never.

I don't know how it works but in all likelihood knowing how incompetent (any) government is for doing anything properly, there was a loophole that the PC spotted and have been exploiting now and for ever.

If there were enough money in the pot I would say it is a good idea to get it back under control.

Unfortunately the Labour Party want to spend so much money most of what they put forward is unsustainable.

[Old_Geezer]

It would be our money to purchase our requirements. Governments ought not be involving private investor friends to make money out of the taxpayer. It costs us in the long run. The people should fund and own whatever public services they need.

[mikey4444]

For many years, it has been said that there isn't much difference between Labour and the Tories. I have never subscribed to that view myself.

But now there is clear blue water opening up between the 2, and long may it continue.

[mikey4444]

OG....."The people should fund and own whatever public services they need"

Very well said !

[sapelesam]

This Labour Party is totally unable to cost any of their promises, probably get Diane Abbott to explain the details, somewhere between 50p and 10 trillion pounds.

[EDDIE51]

Mikey at 19.45, yes 'New Labour' was just the Tory party in disguise.
Blair made no secret of his admiration for Margaret Thatcher.
At least we now have a choice.

[Spicerack]

I'd be surprised if Labour didn't use PFI more than the Conservatives, Mikey.

[EDDIE51]

Not bad for a socialist!
http://www.telegraph.co.uk/news/politics/tony-blair/11670425/Revealed-Tony-Blair-worth-a-staggering-60m.html

[Old_Geezer]

It wouldn't be.

[Gromit]

The uncosted folly was Gordon Brown dishing out PFI contracts like confetti in the first place.
The taxpayer was always going to be badly hit, at least Labour are trying to do something abot it.

[Peter Pedant]

well this was foreseen
and there is a break clause in the CMFT ( Manchester) contract

which is in the region of the lump sum payment of the predicted profits for the 20 y contract

also some PFIs have the freehold transferred to the health company so that at the end of the congtract they get the freehold and the building !

and yes this was pointed out to be a terrible deal at the time (2005)

[Peter Pedant]

at least Labour are trying to do something abot it.

they are the ones who started it werent they ?

the total has been costed at £200 bn which I think is low....

[ludwig]

Don't worry. Everything will be paid for someone or other. Let's get into power first and worry about that later.

[DaisyNonna]

From us poor peasants

[naomi24]

Mikey, //But now there is clear blue water opening up between the 2, and long may it continue. //

Yes, and given the chance Mr Corbyn and his motley crew will have the country sinking. Be careful what you wish for, Mikey.

[andy-hughes]

Any promise made vaguely 'some time in the future' is worthless, and should be ignored.

Heaven knows, even something as concrete as Brexit is heading for derailment, so this sort of idiocy from Labour should be ignored for the dreaming that it always is.