An Audit Commission report due out on Thursday will confirm schools being built under PFI contracts would have been cheaper if funded directly by local education authorities, a senior trade union leader has claimed.
Link: Extra costs of PFI deals will not be revealed
Kevin Curran, GMB regional boss and self-styled ‘favourite’ to succeed John Edmonds as GMB leader, said PFI had failed to provide increased public investment.
He said claims that it had delivered more funding for school building were ‘nothing more than an accounting slight of hand’.
Curran said the report will show that PFI in schools has been ‘an expensive failure’.
He said: ‘The taxpayer is being forced to pay through the nose for schemes that could have been built at a fraction of the cost.’
Curran went on to say: ‘The schools PFI programme imposes an unacceptable financial burden on the taxpayer for years to come. It is sheer madness.’
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