L

Lord Macpherson of Earl’s Court (CB)

Speaking in the House of Lords on 13 March 2025

Debate

Capital Investment and Share Ownership

Contribution

My Lords, does the Financial Secretary agree that, generally, the quality of PFI projects has improved over time, with an increasing number transferring risk successfully to the private sector and the projects being delivered on budget and on time? Given that the ONS now classifies pretty much all PFI projects as being on balance sheet, can he encourage the Treasury to provide sufficient expenditure cover in the spending review to support innovative public/private partnership proposals?

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