PFI-linked scheme collapses in Northamptonshire
Barratt Homes has pulled out of its agreement with Northants County Council to purchase 18 school sites and playing fields. More collapses of such deals, and of PFI contracts, must be likely in the coming months, as contractors find it harder to raise the credit required. Northamptonshire "Save Our Services" states: "Northants County Council... PFI deal... method of financing new schools... guarantees the PFI speculators high profits over thirty-two years while at the same time charges us, the public, £865 million for capital projects costing only £235 million. The anticipated payment by...