I knew PFI was a waste of taxpayers money, but didn’t know how much of a waste it was until something I spotted recently.
Let me give an example: You want to buy a car for £5000. You can’t afford it, so you get a loan. Even on 2010’s interest rates you might end up paying £6000 or £7000 back depending on your credit rating.
Would you take a deal that meant you had to pay £30000 back? Just so you could tell the wife you haven’t spent £5000 on a new car? Well thats exactly what Gordon Brown did when he built all the new schools and hospitals.
The amount of money wasted, given to private companies and thier shareholders, of which I would bet Tony Blair and Gordon Brown were shareholders of, is massive. They spent £300 BILLION of taxpayers money to buy hospitals and schools worth just over £50 BILLION at the time.
Why is it that politicians talk BS and at the same time just piss away taxpayers money? Why don’t they treat it like they would treat their own?
Not fit to be in office. They should be hung drawn and quartered for wasting the toil of so many taxpayers.