PFI is it value for money?
PFI costs a lot as the BBC have found (hat tip Bob Piper) - see link.The government claim it is value for money. The problem is that it is not.It is only calculated as being value for money by using an adjustment to the alternative public sector procurement cost. This is called optimism bias.I have explained this a number of times. The last time in the house was hereWe have a similar problem