Apparently "NAO says public being 'taken for a ride' by PFIs". The Telegraph reports that "The discrepancies in the amounts paid for the simplest changes to public finance initiative (PFI) projects such as providing new locks or keys have been laid bare in a report.
The National Audit Office, the Whitehall spending watchdog, found that the cost of installing a new electrical socket ranged from £30.81 to £302.30.
A new lock cost anything from £15.09 to £486.54, while the price of a key ran from £4.26 to £47.48.
While one PFI contractor was prepared to put up a new noticeboard for free, another charged £149.71.
In all, Government departments and other public bodies spent more than £180 million on changes to operational PFI projects in 2006."
The PFI Companies are experienced and money minded negotiators, the "officials" who are told to negotiate with them don't stand a chance. PFI was a way of getting public spending up without it showing on the Government's books and so breaking Gordon Brown's golden rule. It is a con trick and we will be paying for it all long after Gordon Brown has lost his job and has retired to Scotland to spend more time with his pension.
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