PFI scheme changes are inadequate, MPs sayBMJ 2012; 344 doi: https://doi.org/10.1136/bmj.e364 (Published 13 January 2012) Cite this as: BMJ 2012;344:e364
- Adrian O’Dowd
Government plans to improve private finance initiative (PFI) schemes that help fund new hospitals are too weak and fail to deal with the danger of wasting public money, MPs have concluded.
MPs on the House of Commons Treasury Committee have published the government’s response to their report of last year on PFI funding and say that progress has been made but basic problems with the scheme remain.
Under PFI projects, private companies build hospitals, and NHS trusts repay them typically over 30 years.
The scheme was criticised in the select committee’s report published in August last year (www.publications.parliament.uk/pa/cm201012/cmselect/cmtreasy/1146/114602.htm) for being a highly inefficient way of financing projects and not providing taxpayers with good value for …