Commenting on the announcement from Shadow Chancellor John McDonnell that a Labour government would bring existing public finance initiative (PFI) contracts back in-house, UNISON general secretary Dave Prentis said:
“It’s good news that Labour plans to tackle the beleaguered private finance initiative.
“Since PFI started, UNISON warned it would lead to long-term debt problems, a burden the country couldn’t afford to carry.
“It’s like buying a house on a credit card. Sky-high interest payments mean far less money for patients and children’s education.”
Media contacts:
Liz Chinchen M: 07778 158175 E: l.chinchen@unison.co.uk
Clare Santry M: 07944 191479 E: c.santry@unison.co.uk
The article UNISON welcomes Labour plans to tackle PFI first appeared on the UNISON National site.
from RSSMix.com Mix ID 8239598 https://www.unison.org.uk/news/2017/09/unison-welcomes-labour-plans-tackle-pfi/
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