PFI accounting enigma

Firms have reaped the benefits, government likes the accounting anomalies, but now there’s increased scrutiny about the true value of PFI projects, reports Sarah Perrin

‘We can’t carry on as we are, expecting the next generation of taxpayers to pick up the tab.’ So said Andrew Tyrie MP, chairman of the Treasury select committee, on publication of its report into the Private Finance Initiative (PFI) this summer.