Finance Bill

The problem with PFI is not simply the £169 billion-worth of payment liabilities, up from £142 billion 12 months ago, but that the PFIs themselves are not clear. The Red Book says:"““These contracts contain periodic reviews every 7.5 years and therefore the service payments are not fixed after 2009-10?." Is not the problem that those are dreadfully expensive, and in some cases extraordinarily so, and yet there is no clarity whatever about the outstanding total liability or the capital cost that leads to that liability?