Wednesday, 10 November 2010

Link to National Audit Office report into housing PFI

As noted below, the National Audit Office published a report earlier this year which looked at the use of Private Finance Initiatives to fund housing projects. It noted the massive overspend that a number of these projects have managed to incur. The Brockley PFI is one of the projects considered. Somehow the staggeringly inept Lewisham council has managed to spend over twice as much as the original £43 million budget - on what, it's difficult to say. Looking around Brockley, I see precious little evidence of improvement.