The government is to revise the operation of the Private Finance Initiative (PFI) to ensure taxpayers receive a greater share of profits. The PFI scheme has been used to build schools, hospitals and other public infrastructure such as car parks.
The public sector will be a co-investor in PF2 schemes, so will enjoy a share of the returns on investment. A central unit in the Treasury will be responsible for the invested funds.
In future, the public sector will take stakes of up to 49% of each...
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