Private Finance Initiative - Treasury Contents

Written evidence submitted by Dr Richard Thorne

I worked as a General Practitioner in Abingdon from 1968 to 2007.

Projects in the NHS financed under the PFI have resulted in massive debt repayments which are causing severe financial difficulties for the responsible Trusts. There can be no justification for continuing to award further contracts under the PFI. It is particularly perverse to continue to do so at a time when the government is preaching the necessity to live within our means; not to overspend now and leave unmanageable debt for future generations; in fact, to reduce our debt commitments.

I am gloomy about the future of the Nuffield Orthopaedic Centre in Oxford, landed with an unrealistic PFI development.

PFI was always a bad concept, born in a time of unrealistic private indebtedness and part of the boom in private financial schemes which led to the financial collapse affecting us all now.

I hope the Treasury Select Committee will examine the evidence and advise accordingly.

April 2011

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