Chancellor told PFI-style schemes familiar from New Labour era are ‘fiscal illusion’ offering no value for money
Rachel Reeves has been urged by 40 Labour MPs to drop plans to fund NHS buildings with private finance initiatives (PFI) that would saddle the health service with debt.
The Labour MPs, including Cat Eccles, Clive Lewis and Rebecca Long-Bailey, pressed the chancellor to commit to investment in the NHS without the use of private capital and warned that a return to the New Labour era of private funding for public projects would be damaging for trust in the government.
