Bit political this, but PFI was in fact a Tory invention, used by them in a limited way but then used much more by Labour. Problem being that whatever party is in power, they have the same issue or needing to borrow money because we arent paying our way. And since as Truss showed our credit rating is poor and lenders dont want to know us, imaginative ways have to be used. As with borrowing shed loads from the Bank of England and pretending that it isnt simply printing money like Weimar.
Of course we pay a higher interest rate than Germany. We are far less credit worthy.
We are heading for another IMF bail out but when?
Last edited by howard; 09/10/24 10:16 AM.