Call for transparency over Yorkshire councils’ £13bn PFI contracts

A senior councillor has called for contracts signed under the controversial Private Finance Initiative to be subject to the same transparency rules as the public sector after the cost of Yorkshire’s ‘buy now, pay later’ deals was revealed.

The Yorkshire Post published details on Saturday of the PFI contracts signed by town hall leaders across the region for facilities such as schools, homes and waste centres, which will cost the public purse more than £13bn by the time the final agreement concludes in 2042.

Read more at: http://www.yorkshirepost.co.uk/news/call-for-transparency-over-yorkshire-councils-13bn-pfi-contracts-1-8677304

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3 Responses to Call for transparency over Yorkshire councils’ £13bn PFI contracts

  1. Ged says:

    25 years too late for logic and rationale to kick in

    Labour activists and trade unions warned of the risks but Blair and councils/cllrs chose to ignore. We told them that pfi equated to we pay for it where construction firms – many of these firms also engaged in the illegal blacklisting of workers – would rake in the profits and it would be like paying for the mortgage on the credit card.

    If it was paid off, the buildings would likely be fit for the demolition ball and start all over again…..

    Future generations wud be saddled with the debt long after those making inept and not fit for purpose decisions had long left the political stage.

    The government and councils shud av invested the money directly not on tick. We now have to pick up the pieces!

    • Swinton Momentum says:

      We’ve still got those lackeys hanging around , snouts in the trough denying any wrongdoing. We need shot of all those corrupt blairite councillors who signed us up to this and get a fresh start.

  2. Ged says:

    25 years too late for logic and rationale to kick in

    Labour activists and trade unions warned of the risks but Blair and councils/cllrs chose to ignore. We told them that pfi equated to we pay for it where construction firms – many of these firms also engaged in the illegal blacklisting of workers – would rake in the profits and it would be like paying for the mortgage on the credit card.

    If it was paid off, the buildings would likely be fit for the demolition ball and start all over again…..

    Future generations wud be saddled with the debt long after those making inept and not fit for purpose decisions had long left the political stage.

    The government and councils shud av invested the money directly not on tick. We now have to pick up the pieces!

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