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The Real Expenses Scandal
Monbiot, George http://www.monbiot.com/archives/2009/05/26/the-real-expenses-scandal/
Date Written: 26/05/2009
Year Published: 2009
Resource Type: Article
One of the consistent features of Private Finance Initiatives (PFI) is that the projects are reverse-engineered to meet the demands of corporate investors. This, for example, is how the £30m public scheme to refurbish Coventry's two hospitals became a £410m private scheme to knock them both down and rebuild one of them - containing fewer beds and fewer doctors and nurses.
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