Nationalising Special Purpose Vehicles to end PFI: A discussion of the costs and benefits

Full Article: European Service Strategy, 8 May 2018

The article proposes that service contracts are renegotiated so that the public authorities contract directly with the providers, not via the SPV.

This secures significant annual savings from the elimination of operating profits, of £1.4bn, indicating that nationalisation will pay for itself within two years.

The article honours liabilities but to secure substantial refinancing through a new body in which ownership of the SPVs will be vested.

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