The PFI bailout machine has run out of juice
From our UK edition
Although it is nearly 20 years ago, I can still recall being lobbied by the representatives of a private consortium who had nascent plans to redevelop a hospital in south London using the then fabulous new idea we called the private finance initiative. Before you jump to too many delirious conclusions, the meeting took place in my office, not in an expensive restaurant, and it was the only one I ever had with the group. I may have splashed out on a plate of civil service issue custard creams. At the time I was the special adviser to the then Secretary of State for Health, Virginia Bottomley, and the main item on her desk - and mine - was a plan daringly called 'Making London Better' which, when you got down to it, involved shutting down quite a lot of London hospitals.