Government urged to move on PFI

12 July 2012 The new PFI model needs to be rolled out quickly, the head of business lobby group the CBI has said.
Speaking to the Financial Times, John Cridland criticised the length of time it has taken the government to develop its plans for private investment in projects and the failure to get projects up and running on the ground.

“I think it is really disappointing how long it is taking to get momentum and urgency into the growth plan,” he said.

“We were expecting the PFI review to be included in the March Budget,” he added.

Cridland also claimed that government officials appear to be “dazzled in the headlights” across Whitehall, resulting in little progress being made on policy and the growth agenda.

An official announcement on the reform of PFI could be delivered before next week’s Parliamentary recess, although it is understood the details of the plans are unlikely to be fleshed out until the autumn.

This page was last updated on:
30 October 2014.

thumb

Stuck in the past

Eighty-five years to the day since the event that triggered the Wall Street Crash and the Great Depression, the global economy is far from secure

thumb

Give it a Year

There are a lot of personal and professional milestones for WSP director Gary McCarthy over the next few months. As he tells Amanda Nicholls, coping with change is what his career has been built on

register

Register now to get un-restricted access to all sections of the website.

Want to see more first? Try our free preview...