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Tory cuts could be mighty unpleasant
Comments
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Was Cameron not special advisor to Major and Lamont in early 90's, PFI could have been his idea
Possibly who knows ?
Its actually irrelevant given the last three terms of Labour where they could have come clean about it and indeed changed it if they were so minded. Instead Gordon embraced it with both hands and used it quite unashamedly.
If the Torys had been in power over the last three terms and were doing the same thing I would be lambasting them.
I have to say when Tony Blair came to power I really thought they were going to be a breath of fresh air after the Major years
Open government, Freedom of Information, think the unthinkable about benefits, Even Frank Field believed that one and came up with the policies he thought Tony wanted, much to Tony's chagrin who then promptly fired him.
When Gordon Brown went and sent a well aimed torpedo at some of the best private pension schemes in Europe I knew that we had the same old destructive party back.
For what it is worth Gordon was even warned about of the consequences. However the great leader always knows best and has removed a estimated £100 billion from pensions over the last 10 years ensuring the pensions that people had been paying into for 30 odd years were worth a fraction of their estimated worth and penury for many.
They have dome one good thing and that is The Freedom of Information act.
In case you were wondering I wont be voting Labour again
:D:D "The whole problem with the world is that fools and fanatics are always so certain of themselves, but wiser people so full of doubts."
Bertrand Russell. British author, mathematician, & philosopher (1872 - 1970)0 -
I would have thanked your post 50 times if I could Optimist. I thought exactly the same thing as you in 1997. I won't be voting Labour again either.0
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Of course they will. The debt can be held off the nation's balance sheet.
Then again, the 'Asset' is held off the nations balance sheets as well.
While PFI is far from perfect, it is broadly similar to how companies fund long term assets. It is one of the few areas that Labour could actually claim to have improved the nations stock of assets.US housing: it's not a bubble
Moneyweek, December 20050 -
kennyboy66 wrote: »Then again, the 'Asset' is held off the nations balance sheets as well.
Asset? No, no assets. Only debt. Remember - there will be no growth again. All PFI contracts will fully default. All nationalised bank shares are worthless. This is the lunatic mantra that the doom-frothers whack off to.0 -
Rochdale_Pioneers wrote: »Asset? No, no assets. Only debt. Remember - there will be no growth again. All PFI contracts will fully default. All nationalised bank shares are worthless. This is the lunatic mantra that the doom-frothers whack off to.
Rochdale, there are only so many times you can mortgage the future.
This is something that Labour stalwarts just fail to understand.0 -
I'm not fooling myself. My local hospital was recipent to circa 250m PFI investment, and I was a beneficiary to this investment; a small op in some pretty impressive theatre facilities.kennyboy66 wrote: »Then again, the 'Asset' is held off the nations balance sheets as well.
However, the medic who showed me these facilities freely admitted they would be out of date within a decade, not the 30 year term the finance deal was written over.
We will be back to top up these deals in the not so distant future.0 -
Rochdale, there are only so many times you can mortgage the future.
This is something that Labour stalwarts just fail to understand.
!!!!!! does mortgage the future mean? PFI contracts are used to provide assets for the future that will be paid for and utilised in the future, matching concept. I wonder sometimes
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
We will be back to top up these deals in the not so distant future.
Not with the Tory govt in power, who was showing you around BTW, Mystic Meg 'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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