Jon_in_london
Illuminator
- Joined
- Aug 7, 2002
- Messages
- 4,989
In the past Ministers have gone on the record that both PFI projects (such as the hospitals AndyAndy mentions) and social housing stock transfers from LA control to Registered Social Landlords ("Housing Associations") are primarily motivated by PSBR rules, as City Academies have the same PSBR advantages, as well as many of the same cost, oversight and organisational disadvantages, it's not that much of a stretch to believe that the primary motivation behind them (apart from them being a Blair pet project) is this PSBR advantage.
Indeed. The only possible reason that the gov. perists with PFI (which is now widely discredited - see just about any issue of private eye) is that it means that one-eyed porridge-wog can hide untold £billions of debt off the balance sheet, thus maintaining the illusion that he is some kind of economic genius and not a complete doofuss who sold the family silver and still left us with so much debt its going to take generations to pay off.
/rant.