Lyndhurst 14
Well-known member
- Jan 16, 2008
- 5,242
When I was working in the construction industry in the UK I remember a lot of Contractors rubbing their hands when the Government introduced its Private Finance Initiative and Private Public Partnership to build and maintain facilities like schools and hospitals for 25 years. They were able to basically ‘flip’ or sell on the projects a few years after completion. Some of the major contractors trousered hundreds of millions of pounds at the tax payers expense. It then turned out a lot of the funds that bought up the contracts were based in tax havens so the profits disappeared offshore. The owners of these contracts were guaranteed an increase each year for running the facility as well as revenue from shops, cafes and car parking which otherwise would have gone to the NHS. No doubt the numpties who came up with this ill thought out plan are still in employment and looking forward to their index linked pensions and almost certain OBEs.