Reeves considers Blair-era PFIs to fund new towns
Rachel Reeves is reportedly considering resorting to yet-more disastrous Blair-era private finance initiatives (PFIs) to fund Labour’s national infrastructure schemes. The news, published in the Telegraph, comes after the Treasury commissioned the British Infrastructure Taskforce (BIT) to produce a research paper on the potential bonuses of a return to PFI schemes. The BIT is a grab-bag of private finance interests including Lloyds Banking, HSBC, Blackrock, Santander, Fidelity International and Phoenix Group. Completely unsurprisingly, the private financiers were huge fans of the idea of UK public services taking huge loans to pay for public services. The BIT heartily recommended the use of…

