PFI Deals Get Credit Crunched

Rachel Holdsworth
By Rachel Holdsworth Last edited 115 months ago
PFI Deals Get Credit Crunched

Cash_4Mar09.jpg Ah, le credite crunch. The government are having to step in to lend PFI firms £2 billion of public money since they're having trouble raising the cash on the open market. Schools in Greenwich, housing in Lambeth and street lighting in Lewisham and Croydon are some of the schemes at risk of falling over without taxpayer rescue. The government swears blind we'll get the money back (honest, guv'nor) so with any luck we won't have a repeat of the Metronet fiasco. But it's not exactly a vote of confidence in the ever-controversial PFI project, is it? (Image / TheTruthAbout...)

Last Updated 04 March 2009