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    This was indeed a Tory concept and no-one has denied that.

    I have posted on this and how the original concept was change by NuLab.

    David Davis was in a meeting before the 1997 election with Geoffrey Robinson and has recorded his concerns about how Robinson said they were going to use the PFI initiative. Originally it was designed to be used for bringing in private capital into public capital projects, such a new hospitals and to be used on a fairly small scale.

    Robinson told Davis how Brown (maybe Balls,...) identified how this could be turned to create 'off balance sheet' revenue spending. As a result of this we now have a situation where George Osborne, wanting to provide some sandwiches for a late night meeting, was told they would cost some horrendous price because no11 was run under a PFI scheme - something never originally intended by the originators. There was also something about Christmas trees as well.

    I will try to find a link to the report I read so you can have more details.

    The whole point is that NuLab warped and abused a scheme until it no longer resembled the original concept and turned it into an overused monster of true Enron style accounting.

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