PFI: perfidious financial idiocy

BMJ 1999;319:2-3 ( 3 July )

Editorials

PFI: perfidious financial idiocy

A "free lunch" that could destroy the NHS

Education and debate p 48

The first 150 words of the full text of this article appear below.

"I see the private finance initiative in very simple and personal terms. At the moment I own a beautiful but outdated homein a prime position in Edinburgh, one of the world's loveliestcities. Now I'm going to `give it away' at below market valuein exchange for a smaller, unglamorous modern house on the edgeof the city that doesn't have enough bedrooms and is hard to reachby public transport. Worse, I'll have to pay for it for 30 years $---$ withoutany option of moving elsewhere. Worse still, we will have to reducehow much we do around the home in order to pay for the new building.Worst of all, my children will find themselves years from nowin an outdated building in an awful position. They won't be ableto afford either a new home or the services of the home. They'llhave to buy them privately."

. . . [Full text of this article]

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