McDonnell: Labour will end scandalous PFI
McDonnell pledges to bring rip-off private finance initiative contracts back in-house
A LABOUR government will end the private finance initiative (PFI) “scandal,” bringing all contracts and workers back into the public sector, John McDonnell announced yesterday.
The shadow chancellor tore into deals that would see nearly £200 billion of taxpayers’ money siphoned to private companies over the coming decades.
He promised delegates to party conference: “Never again will this waste of taxpayer money be used to subsidise the profits of shareholders.”
And Mr McDonnell made clear that Labour would... read more
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