That is why I have always said writing off student debt and PFI are key, if only the start. Both could be done. But the symbolism is essential.
There’re two problems with writing off PFI debt.
One is that much of it isn’t in fact debt at all. It’s ongoing operation and maintenance costs. Which still have to be paid whoever’s pockets the money comes from.
The other is rather more important. Spudda is, as we know, the guy who insists that we could get all that private pension money, lots and lots of corporate cash as well, funding public sector projects like housing greenery and so on through a national investment bank or the like.
Government’s going to get a lot of investment in such schemes if it has just written off the debts from the last set of such private money into public investment schemes, isn’t it?