PFI like Japanese knotweed hard to control and slowly strangles all around it.

Yesterday, a report by the European Services Strategy Unit criticised ‘fundamental flaws’ in Private Finance Initiative, or PFI, projects including their ‘affordability’ and impact on ‘public debt’.

Amongst the projects listed by the Unit was the Pendleton Together PFI, in which its £78.7million original capital cost will end up costing over £430million by the time it’s finished. In April, rents within the Pendleton are set to rise by 2%, as Salford City Council states, “to meet the costs of the PFI scheme“. 

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