Devizes Melting Pot

“Protection. Conservation. Restriction. Deep ecology. Give me deep technology any day. They don't scare me. "I'm damned if I'll crawl, my children's children crawl on the earth in some kind a fuckin' harmony with the environment. Yeah, till the next ice age or the next asteroid impact." (Moh Kohn, The Star Fraction)/ "This is the fight between God and the Devil. If His Grace is with God, he must join me, if he is for the Devil he must fight me. There is no third way" King Gustavus Adolphus

My Photo
Name:
Location: Devizes, Wiltshire, United Kingdom

University graduate, currently working as an Information Assistant for the NHS. Interested in politics, history, sci fi etc.

Wednesday, July 18, 2007

The PPP/PFI Scam



Metronet calls in administrators
Metronet, the firm which maintains the bulk of the London Underground network, has called in the administrators amid serious financial problems.

Responsible for the upkeep of nine Tube lines, including the Bakerloo, Victoria and Central, Metronet was hired under a private-public financing initiative.

Following a cost over-run, Metronet said it was no longer able to meet its obligations without additional money.
Public-Private Partnerships are total scam, time and time again they have shown to not deliver what they promise, go overbudget and end up making its bosses very rich, not to mention their close relations with the government.

Londoners didn't want this for the tube but Brown, when he was Chancellor and his department pushed it through regardless (they didn't want to trust Mayor Ken Livingstone with it), they drew up a complicated contract (Brown does seem to enjoy creating byzantine policies) and those who warned against it have been proven correct.

Apparently they spent £5 million just drawing up the contracts, I mean bloody hell, all that money just for a piece of paper.

When PPP/PFI messes up, the taxpayers end up footing the bill. Its one huge swindle.

Labels: , , ,

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home