One issue where the unions may have been right all along is the thorny question of the public finance initiative – which they raised concerns about a decade ago. Unions including Unison and the GMB have been arguing for years that PFI is simply more expensive than conventionally-financed schemes. (They also have an often kneejerk hostility to private companies in the public sector per se).
The coalition signalled last year that it believed the system was “discredited” and “a ploy to keep expensive projects off the balance sheet”. Read more