Wednesday, 17 February 2010
PFI - Labour's Legacy
Last week in the Scottish Parliament, Kenny Gibson MSP asked the following Parliamentary Question:
To ask the Scottish Government how much it will have to find in total from 2010-11 onwards to fund all existing PFI and PPP contracts.
John Swinney, Cabinet Secretary for Finance and Sustainable Growth replied:
The total unitary payments for all existing PFI and PPP contracts from 2010-2011 onwards are approximately £27.7 billion. That figure is inclusive of Scottish Government PFI/PPP funding contributions. A table showing the annual costs is here.
John Wilson MSP requested an estimate for each local authority in 2010-2011 and 2011-12. This table was supplied by John Swinney.
It is noticeable from the table that Glasgow City and South Lanarkshire are the two highest debtors for 2011-12 with 48.2 and 32.5 respectively. Four-fifths of the £27.7 billion debt is attributable to two labour-controlled councils.
I have criticised the government's Scottish Future's Trust in the past but it must be better value than PFI which is set to absorb billions for at least a generation.
What a legacy labour have left Scotland's youth - £27 billion of debt. An optimist hope that, with the tories (should they be elected) in Westminster and the SNP in Holyrood, the situation can be rectified is here, however I doubt if much can be done due to the contract restrictions.