Ritchie on PFI:
I have a number of ways I could respond to this, but I am (for once) simply going for the ‘told you so’ route.
From ‘People’s Pensions’ in 2003, where Colin Hines and I advocated local authority bonds as an alternative to PFI, the the Green New Deal, where we developed the theme, to green quantitative easing, and then People’s Quantitative Easing, I can claim some credit in being an anti-PFI campaigner, and always because it was glaringly obvious that it failed to deliver value for money.
That is 15 years of saying so.
And now, finally, the NAO catches on.
Note his insistence. PFI does not deliver value for money and the NAO now agrees.
Now look at the NAO report:
Although we do not form a view on the value for money (VfM) of PFI and PF2