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Treasury announces end to Private Finance

FINANCE

09 November 2018
 

The UK Government will not sign any further The UK Government will not sign any further private finance initiative deals in transport or any other sector, the Treasury has announced. 

“The Government has considered the Private Finance Initiative (PFI) and its successor PF2, in light of experience since 2012, and found the model to be inflexible and overly complex,” says the Treasury’s Red Book for last week’s Budget. 

“The Office for Budgetary...

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