Shun private finance for assets, says spending chief

摘要

The head of the committee that scrutinises government spending has told Construction News she no longer believes private finance should be used to fund public sector capital projects. Labour MP Margaret Hodge, chair of the public accounts committee, has questioned whether the use of private finance can offer value for money. She said private investors' priority was always to make a return for their shareholders or stakeholders, putting them at odds with getting value for money for taxpayers.