• News Feeds
Page last updated at 08:58 GMT, Tuesday, 4 December 2012

PFI: Will taxpayers receive fair share?

Advertisement

The government is to change the way that Private Finance Initiatives (PFI) operate, so that taxpayers share in the profits made by the schemes.

The private companies which are contracted to build and maintain schools, hospitals and other large scale projects will have to let the public sector appoint directors to their boards, and take a share of up to 49% in future deals.

The BBC's business editor Robert Peston explained to Today presenter Sarah Montague: "One of the criticisms levelled at the PFI is that private companies have made excessive profits from the deals."

"George Osborne feels that if there are excess profits to be made... then tax payer should at least get a share in these profits," he added.


Get in touch with Today via email , Twitter or Facebook or text us on 84844.

SEE ALSO

Story Tools

BBC navigation

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific