Yeah, why on earth did he enter into these ruinously expensive deals? They cost a lot more than if he had just spent the money directly, and they tie hospitals, schools and local councils into years and years of rip-off payments, often for shoddy levels of service, and/or badly designed buildings etc.
It seems to me that the only reason to do this was so that, when he was chancellor, he could TELL everyone that he was staying within some spending target, whilst not actually doing so, because by some financial conjuring trick, the full cost of PFI is not counted as public spending.
So, he has committed billions of pounds of taxpayers money, stretching 20 years into the future, to be wasted on crap PFI deals, just so he could make himself look good during his time as chancellor.
Conviction politician? Bollocks.......
Giles..