Alternative Funding Streams Called for ; Pfi Politics

Summary

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The Liberal Democrats yesterday reiterated their support for private finance initiative (PFI) projects but called on government to allow local government and the devolved authorities access to alternative funding streams. Presenting the party's policy on PFI, Treasury spokesman Jeremy Browne said Lib Dems had no "dogmatic objection" to the projects but stressed they should not be used to "cook the books".

The motion, passed by delegates at the annual conference in Bournemouth, said PFI had been used "as a mechanism to keep spending off government accounts and not to provide best value to the taxpayer".

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Alternative Funding Streams Called for ; Pfi Politics

It highlighted several prominent examples of PFI pro...

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