Quicker but NHS budgets today include PFI payments. It was a way of turning short terms costs into long term ones.
Well i certainly agree here. But that, in a nut shell, is political expediency dont you think? I mean people want stuff now, they dont want it in 20 years time. Its a hard sell to say that this will only work properly in 20/30 years time. Or that you have to pay X now and then generations Y & Z will benefit later (the silver vote wont be too happy about that). The only example i can think of when that has actually worked was the Severn bridge crossing, which had an almost 30 year break in period where it would be all paid for and just maintained by simple road tax. Thats the sort of scales you need to think on in terms of large public infrastructure. And to be fair, the Severn Bridge barely scratches the barrel of how much some of these PFI portfolios are actually worth. Its peanuts in comparison. Some of these PFI portfolios are worth billions. You only really hear about the bad ones in the press. But you can rest assured there are loads all over the country that operate perfectly ok. Which brings me back to my original point of that maybe its down to individual mismanagement of trusts rather than PFI as a whole being bad. Im pretty sure the quality of social housing, for instance, has improved dramatically as a result of PFI investment.