Park Life 71 Posted January 25, 2011 Share Posted January 25, 2011 (edited) By Andrew Gilligan 10:10PM GMT 24 Jan 2011 281 Comments Official figures show that, under Private Finance Initiative [PFI] schemes, British taxpayers are committed to pay £229 billion for new hospitals, schools and other projects with a capital value of just £56 billion. Several contracts are due to run for 60 years, documents released under freedom of information requests show, meaning taxpayers will be paying for the projects for generations to come. Private contractors who agreed PFI deals with the Government are set to make billions of pounds in profit, with some due to see returns of up to 71 per cent. In the first of a series of reports, The Daily Telegraph discloses the heavy costs and administrative burdens caused by PFIs. The deals are a way of building large public projects using private finance, which were relied upon by the Labour government. The disclosures will lend weight to MPs calling on PFI companies to refund a share of their profits to the taxpayer. The PFI deals include: • A hospital which charged £52,000 for a job that cost £750. Demolishing a shelter for smokers resulted in the PFI contractor charging £2,600 a year for the “extra cleaning”. What the fuck is going on? http://www.telegraph.co.uk/news/newstopics...rs-of-pain.html Edited January 25, 2011 by Park Life Link to comment Share on other sites More sharing options...
wykikitoon 21503 Posted January 25, 2011 Share Posted January 25, 2011 Worked on one job were were charging thousands for stuff we didnt do because the contractor told us to! Link to comment Share on other sites More sharing options...
Park Life 71 Posted January 25, 2011 Author Share Posted January 25, 2011 Worked on one job were were charging thousands for stuff we didnt do because the contractor told us to! Is there no oversight? Link to comment Share on other sites More sharing options...
wykikitoon 21503 Posted January 25, 2011 Share Posted January 25, 2011 Worked on one job were were charging thousands for stuff we didnt do because the contractor told us to! Is there no oversight? Got a shed load of cash set aside for the job. we hadnt done anything, got asked to send an invoice. We said we hadnt done anything. We got told to put down for a months worth of meetings! Link to comment Share on other sites More sharing options...
Billy Castell 0 Posted January 26, 2011 Share Posted January 26, 2011 As I understand it, it's a complex 'buy now pay later' scheme whereby the state gets the private company to build the school/hospital/road cheap, and then charge loads for the running costs. I worked for Sodexo, a French company that has really cashed in with PFI, and it was a joke. The company went through so much paperwork making sure I knew how to use a mop every 6 months etc. (I was a cleaner), kept cutting costs by giving shit wages and loading more work onto the cleaners. All the while you knew they were ripping off the MoD by charging a fortune because they could do it in the contract. In short, thanks for giving us taxpayers gaping bleeding arse holes Labour. Link to comment Share on other sites More sharing options...
Park Life 71 Posted January 26, 2011 Author Share Posted January 26, 2011 Worked on one job were were charging thousands for stuff we didnt do because the contractor told us to! Is there no oversight? Got a shed load of cash set aside for the job. we hadnt done anything, got asked to send an invoice. We said we hadnt done anything. We got told to put down for a months worth of meetings! People are paying you see. Link to comment Share on other sites More sharing options...
Park Life 71 Posted January 26, 2011 Author Share Posted January 26, 2011 As I understand it, it's a complex 'buy now pay later' scheme whereby the state gets the private company to build the school/hospital/road cheap, and then charge loads for the running costs. I worked for Sodexo, a French company that has really cashed in with PFI, and it was a joke. The company went through so much paperwork making sure I knew how to use a mop every 6 months etc. (I was a cleaner), kept cutting costs by giving shit wages and loading more work onto the cleaners. All the while you knew they were ripping off the MoD by charging a fortune because they could do it in the contract. In short, thanks for giving us taxpayers gaping bleeding arse holes Labour. They love that shit innit. Link to comment Share on other sites More sharing options...
Rob W 0 Posted January 26, 2011 Share Posted January 26, 2011 the original plan was 1. as Billy says - to get jam today when the treasury didn't have the cash up front for what the politicians (and the punters) want RIGHT NOW 2. get the debt of the national books and into the hands of private industry - this impresses the monetarists and the financial press TBH no different from a lease/purchase scheme for your car - plus of course the headline numbers don't take into account the time value of money - the cash the Govt pay in 2030 is a lot less in treal terms than if they sheleld out today and it's not just a Labour scam - the Tories did very similar things Link to comment Share on other sites More sharing options...
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