The huge cost to the taxpayer of Labour\’s commitment to the private finance initiative since it came to power a decade ago is revealed by the Treasury in a report by MPs published today. It shows that Gordon Brown has committed future governments to pay back £170bn by 2032 to banks, investors and private entrepreneurs for more than 800 schemes for new hospitals, schools and prisons.
Does this number currently appear in the public accounts as a future liability? If not, why not? And will it be put into them in future?