UK’s National Audit Office (NAO) and UK parliament reports on PPPs

You will find in this blog links to UK's national audit office reports on PPPs, but also some useful articles analysing the NAO's data

January 2018 - NAO report on PFI and PF2

A briefing on the rationale, costs and benefits of the Private Finance Initiative; the use of and impact of PFI, and ability to make savings from operational contracts; and the introduction of PF2. There are currently over 700 operational PFI and PF2 deals, with a capital value of around £60 billion and annual charges for these deals amounted to £10.3 billion in 2016-17. Even if no new deals are entered into, future charges which continue until the 2040s amount to £199 billion. 18 January 2018

January 2018 - Taxpayers to foot £200bn bill for PFI contracts – audit office (January, 2018)

June 2018 - UK Parliament questions ‘value for money’ of PPPs in highly critical report (a blog by Eurodad)

The committee overseeing the UK government’s expenditure has published a searing report on Private Finance Initiatives (the UK version of Public Private Partnerships - PPPs). The Public Accounts Committee raises serious concerns about the “risks to value for money for the taxpayer” and identifies shortcomings in the assessment of their benefits. The report states that “it is unacceptable that after 25 years the Treasury still has no data on benefits to show the PPP model provides value for money”. The UK Treasury, meanwhile, continues to insist that it does. Full blog post available here:

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