Ms Stella Creasy

Ms Stella Creasy

Labour (Co-op) — Walthamstow

Speaking in the House of Commons on 19 June 2025

Debate

UK Infrastructure: 10-year Strategy

Contribution

I welcome this investment strategy. Many of us have seen at first hand the broken infrastructure we are dealing with. The Chief Secretary will know my concern that many of the organisations we will be asking to tackle these problems are also dealing with the legacy of the private finance initiative, which saw buildings and projects cost three times more than the actual assets themselves. The pleas that many of us made to the previous Government to tackle these legal loan sharks of the public sector fell on deaf ears, and I know that this Chief Secretary will not make the same mistake. Would he be open to meeting those of us who are keen to learn the lessons of the private finance initiative? In particular, can we cap what private companies can make on military contracts, children’s care homes and other social infrastructure projects, so that we do not see our public sector savaged by these companies in future?

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