John McDonnell MP, Labour’s Shadow Chancellor, commenting on a report out today by the Public Services International Research Unit, at the University of Greenwich, entitled: Nationalising Special Purpose Vehicles to end PFI: A discussion of the costs and benefits, said:

“This is an important piece of research, detailing the scandalous waste of money which is PFI and PF2.

“Ending PFI and bringing contracts in-house will deliver savings to the taxpayer which can be reinvested in our public services rather than lining the pockets of investors in offshore tax havens.

“The next Labour government will end the fiscal irresponsibility of the Tories and put an end to the PFI rip-off once and for all.”