Half of City bankers receive bigger bonus than last year

[Freamon]

Mr Gordon Brown - he did it "en masse".

Bzzt, wrong again I'm afraid.

In 1992, however, the Conservative government of John Major in the United Kingdom introduced the private finance initiative (PFI),[2] the first systematic programme aimed at encouraging public–private partnerships.

Public

[BoredBloke]

The Tories may have invented it and the city may have given them the means to do it, but only Labour rushed headlong into it. Give the chavs a bunch of brand new hospitals and schools and they will be too thick to understand how they were paid for. Then the next lot will have to pay for them while at the same time trying to reduce a huge deficit. The whole PFI thing in the UK is bordering on criminal. How can the deficit be so high when the capital for all these major programs has been brought about largely through PFI?

[AtW]

Bzzt, wrong again I'm afraid.


Public

I said EN MASSE.

It was under Brown that this PFI tulip was used to put a lot of debt off the balance sheet in order to borrow more.