Topic: | Re:Labour's Next Tax Rises - Capital Gains Tax on Sale of Houses ? | |
Posted by: | Toby Lovern | |
Date/Time: | 19/01/05 23:02:00 |
Just a slight correction to the original post whose sentiments I fully agree with - PFI will actually save future generations money. The Audit office found that 84% of PFI projects are brought in either before or on time, and on budget. This compares to around 30% of public sector capital projects - a good example of which is the £3Bn overspend on IT projects alone since 1997. PFI transfers the risk to commercial entities - if these get the budgets or delivery wrong they pay the penalty - as Jarvis' recent problems very well demonstrates. Public sector projects that are late or over budget simply cost the tax payer the funds needed to bail them out. |