Philip Booth has written for CapX
Philip Hammond’s decision in this week’s budget to abandon the Private Finance Initiative has been regarded by some commentators as the adoption of a “Corbyn-lite” policy by the Conservatives. Such a claim misses the point. After all, PFI has been used to fund a huge expansion in government spending whilst pushing the costs, in an opaque way, onto the next generation. It never was a pro-market policy.
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Further Reading: Autumn Budget 2018 – A Briefing