Boateng defends use of PFI contracts

Earlier this week, Tory shadow treasury chief secretary Howard Flight, accused the government of using Enron-style accounting practices to get more than £26bn in PPP and PFI financing off its balance sheet.

But Boateng, in a letter to the FT claimed public sector comparators used to assess PFI deals were not ‘fudged’ and said ‘the PSC process has repeatedly satisfied independent audit bodies’.

He added: ‘We have rebuilt Britain’s finances in a way that leaves no need for the balance-sheet wizardry suggested by Mr Flight.’

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