| How to buy defence on tick 09:06 - Oct 30 with 232 views | AnotherJohn |
The rumoured answer is that the Government will revive the Private Finance Initiative (PFI) model utilised in the Blair/Brown era. And indeed it is rumoured that Gordon Brown is behind the idea to apply it to defence spending. We are in dire straits and it could be argued that there aren't many alternatives, However, some of us will remember what a disaster PFI was the first time around.
Chat GPT says: "The best estimate is that the Blair/Brown-era expansion of PFI brought in approximately £50–55 billion of private capital, but the total contractual payments associated with the PFI programme were projected to reach approximately £310 billion". If this goes ahead let us hope the Government knows how to do things better now. I wouldn't be too confident.
P.S. We should not forget that the Tories too used this model for public infrastructure projects, and that even the devolved Scottish and Welsh Governments have dabbled with something similar. [Post edited 30 Oct 9:11]
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| How to buy defence on tick on 09:57 - Oct 30 with 174 views | JACKMANANDBOY |
Not more borrowing? |  |
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| How to buy defence on tick on 10:55 - Oct 30 with 148 views | AnotherJohn |
| How to buy defence on tick on 09:57 - Oct 30 by JACKMANANDBOY |
Not more borrowing? |
Borrowing under another name! Off the books, as they say. | | | |
| How to buy defence on tick on 11:10 - Oct 30 with 136 views | Wingstandwood |
I watched a Channel 4 Dispatches programme about PFI years ago and it taught me what an absolute obscenity PFI is.
PFI is a scandal! |  |
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| How to buy defence on tick on 12:28 - Oct 30 with 92 views | JACKMANANDBOY |
| How to buy defence on tick on 11:10 - Oct 30 by Wingstandwood |
I watched a Channel 4 Dispatches programme about PFI years ago and it taught me what an absolute obscenity PFI is.
PFI is a scandal! |
John Major started the initiative, Blair and Brown went mad on it.
The contracts and terms were exploitative, nobody in Government picked up on them.
This Government will get stitched up if it goes down the PFI route. | |
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| How to buy defence on tick on 14:07 - Oct 30 with 49 views | Wingstandwood |
| How to buy defence on tick on 12:28 - Oct 30 by JACKMANANDBOY |
John Major started the initiative, Blair and Brown went mad on it.
The contracts and terms were exploitative, nobody in Government picked up on them.
This Government will get stitched up if it goes down the PFI route. |
Seen a meme today that sums it up, it said....
“At some point we gotta stop asking to pay more taxes, and start focusing on where the heck all of our money is going”.
That says it all perfectly to me, because there are economically illiterate politicians in Westminster/Cardiff Bay who have zero appreciation of the value of money and zero experience of the real world outside of their own political bubble. | |
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| How to buy defence on tick on 14:55 - Oct 30 with 4 views | union_jack |
Serious questions here:
Do we stop funding Ukraine in their bid to fend off Russia once and for all?
Is it costing too much?
By not doing so would Russia easily take Ukraine and other eastern bloc countries? |  |
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